Produced by: Aseem Thapliyal
Sensex fell 145 pts to 80,459 and Nifty slipped 38 pts to 24,492 in the afternoon session today. Market cap of BSE-listed firms stood at Rs 448.21lakh crore
"It is important to understand that the market expects a positive Budget which is growth oriented and fiscally prudent with income tax reliefs for the middle class. Also the market expects status quo on the Long Term Capital Gains taxation. If there is any disappointment in these areas the market can react negatively. On the other hand, if the Budget delivers on expectations, aggressive retail buying can lift the market to new highs," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Shares of Indian Hotels surged 8.32 per cent to Rs 218.80 to Rs 625.30 on BSE after the firm reported its Q1 earnings. Turnover on the counter came at Rs 32.97 crore, commanding a market capitalisation (m-cap) of Rs 88,601 crore. Revenue rose 5.7 percent on-year to Rs 1,550 crore, while net profit jumped 10 percent YoY to Rs 260 crore.
Shares of private lender HDFC Bank gained 2.71% to Rs 1650.75 after a 35.3 percent rise in its profit after tax to Rs 16,174.75 crore in the first quarter of the current financial year. The stock saw a turnover of Rs 54.04 crore after 3.30 lakh shares of the firm changed hands on BSE.
Shares of IREDA were trading on a flat note in the afterenoon session at Rs 272.30 against the previous close of Rs 272.10. Market cap of the firm climbed to Rs 73,214 crore. The stock saw a high turnover of Rs 148.10 crore after 54.42 lakh shares of the firm changed hands on BSE.
Shares of Cochin Shipyard rose were stuck in the upper circuit of 5%. Cochin Shipyard shares zoomed 5% to Rs 2671.80 in early deals today. Market cap of the firm climbed to Rs 70,289 crore.
Shares of state-run Rail Vikas Nigam Ltd (RVNL) saw a high turnover of Rs 195.44 crore after 31.52 lakh shares of the PSU changed hands on BSE. RVNL shares rose over 2% to Rs 628 against the previous close of Rs 614 con BSE.
Shares of IT major Wipro slipped 8% in early deals on Monday after IT firm reported its Q1 earnings.Wipro logged a 5.21 per cent year-on-year (YoY) rise in consolidated net profit at Rs 3,036.60 crore in Q1. Wipro stock fell 7.87% to Rs 513.35. Market cap of Wipro slipped to Rs 2.69 lakh crore on BSE.
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