Benchmark indices opened lower on Thursday. Sensex fell 216 points or 0.32% to trade at 66,882 while Nifty lost 66 points or 0.33% to trade at 19,768
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “Even when the market is scaling new highs and the undercurrent is positive, there are strong views that the current high valuations cannot be sustained for long. It is important to understand that the DIIs are not bullish about the market at the current elevated valuations. The 3,000 point rally in Nifty from the March lows has given DIIs huge profits and, therefore, profit booking would be a rational response”
Hatsun Agro Products shares zoomed 12% in early trade after the firm reported a 54.2% rise in its net consolidated profit to Rs 80.2 crore in Q1. Profit in June 2022 quarter stood at Rs 52 crore. Revenue climbed 6.8% from Rs 2,014.6 crore to Rs 2,150.6 crore. Hatsun Agro Products stock rose 12.19% to Rs 1,094.90 on BSE
Shares of Shree Cement fell 2.55% to Rs 23,411 on BSE after the company received a letter from the government for the order of inspection. Market cap of the firm fell to Rs 85,062 crore
Shares of IT major Infosys were trading nearly 2% lower ahead of Q1 earnings set to be announced today. Market cap of Infosys stood at Rs 5.99 lakh crore. A total of 0.81 lakh shares changed hands amounting to a turnover of Rs 11.74 crore
Shares of Reliance Industries Ltd (RIL) jumped over 1% in Thursday's trade following its one-hour special pre-open session. The stock was trading at Rs 2,612 on NSE at 10.09 am, up 1.24%. This was after the scrip settled at Rs 2,580 (ex-financials) as it turned ex-date for demerger
Shares of Olectra Greentech Ltd rose 3% after the electric bus manufacturer awarded a contract to Megha Engineering & Infrastructures Ltd (MEIL) for the construction of a greenfield electric vehicle manufacturing facility in Telangana. Olectra Greentech stock gained 2.93% to Rs 1,345 against the previous close of Rs 1,306.65 on BSE
Shares of ITC hit a record high in early trade today. ITC shares rose to a fresh high of Rs 480.60 against the previous close of Rs 478.85 on BSE. Market cap of the firm stood at Rs 5.96 lakh crore. A total of 21.86 lakh shares changed hands amounting to the highest turnover of Rs 104.39 crore on BSE
Mazagon Dock stock zoomed 5% to an all-time high of Rs 1,819.85 today. It opened higher at Rs 1,739.95 against the previous close of Rs 1,733.20 on BSE. Market cap of the firm climbed to Rs 36,667 crore
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