Benchmark indices opened higher on Wednesday. Sensex gained 153 pts to 66,948 and Nifty rose 43 pts to 19,792 amid a rally in the global markets
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The market continues to be resilient supported by favourable global set-up and sustained FII inflows. It is important to understand that the ongoing global market rally is primarily driven by the strength of the US economy, which is, so far, showing no signs of recession that the markets had feared and discounted in 2022. The recent corporate results from the US have been better-than-expected enabling continuation of the rally.”
Shares of Bikaji Foods International rose about 6% after the ethnic snackmaker announced to acquire a significant stake in Bhujialalji Private Limited. Shares of Bikaji Foods surged about 6% to Rs 451
Shares of Newgen Software Technologies Ltd hit a record high today after the software and consulting firm said it has received a purchase order for the implementation of end-to-end trade finance including customer web portal & supply chain finance solution. The value of the order is Rs 34.64 crore. The IT stock zoomed 6.13% to an all-time high of Rs 724.60 on BSE on Wednesday. Market cap of the firm rose to Rs 5,059 crore
Shares of Himadri Specialty Chemical hit a fresh 52-week high in early trade today after the firm logged a stellar 123.2% YoY rise in consolidated profit for the quarter ended June 2023. Himadri Specialty shares gained 3.32% to a yearly high of Rs 149.20 against the previous close of Rs 144.40 on BSE
Shares of Welspun Corp Ltd hit a fresh 52-week high in early trade today. The stock gained over 5% to a yearly high of Rs 322.65 against the previous close of Rs 305.80 on BSE
SJVN stock gained nearly 7% to approach the 52-week high of Rs 49.27 reached on July 12, 2023. The stock rose to a high of Rs 49.15 on BSE. A total of 15.85 lakh shares changed hands amounting to a turnover of Rs 7.60 crore. Market cap of the firm surged to Rs 19,200 crore
Brightcom Group stock fell nearly 1% to Rs 26.80 in early deals. Market cap of Brightcom Group stood at Rs 5408 crore. A total of 18.51 lakh shares changed hands amounting to a turnover of Rs 4.97 crore
Shares of Reliance Industries hit a record high today a day ahead of the record date for eligibility of shareholders of Jip Financial Services. Reliance Industries zoomed to Rs 2,845 on BSE. Market cap of the firm rose to Rs 19.13 lakh crore
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position