Benchmark indices rose in Thursday's early deals amid a volatile trading session. Sensex gained 53 points to 62,675 and Nifty climbed 24 points to 18,558. Mid- and small-cap shares were positive as Nifty Midcap crawled 0.33% higher and small-cap was up 0.90%
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “There are many positives going in favour of the ongoing rally. One, the US House of Representatives has passed the US debt ceiling bill indicating that the debt impasse will be resolved. Two, the FPI investment in India continues with big investments during the last 3 days pushing the total investment in May to an impressive Rs 43838 crores. Three, the Q4FY23 and full-year FY23 GDP growth figures coming at 6.1% and 7.2% have impressively beaten the market expectations indicating that the FPI optimism is justified. The 4% decline in crude is another macro positive.”
Shares of Bharti Airtel were the top Sensex losers in early trade, falling 3% to Rs 831 on BSE. Market cap of the firm fell to Rs 4.63 lakh crore
Shares of Kotak Mahindra Bank fell over 2% to Rs 1,937.55 in early trade a day after BNP Paribas Arbitrage bought 92,288 shares of the bank at an average price of Rs 2,012.67 and sold 1,12,32,137 shares at an average of Rs 2,011.74
HUL shares were the top Sensex gainers today. The stock gained 2.11% to Rs 2,717 against the previous close of Rs 2,660.75 on BSE. Market cap of the firm rose to Rs 6.38 lakh crore
Shree Cement shares are trading ex-dividend today with an interim dividend of Rs 55 per share. The stock was trading flat at Rs 25,220 in early trade. Market cap of the firm stood at Rs 90,999 crore
Shares of Adani Transmission rose nearly 5% to Rs 816.40 against the previous close of Rs 777.55 on BSE. It opened higher at Rs 816.40 on BSE. The stock saw high turnover on BSE. Total 6.45 lakh shares changed hands within the first hour of trade, amounting to a turnover of Rs 52.58 crore
Shares of Brightcom Group were stuck in the upper circuit of 5% today. Shares of Brightcom Group gained 5% to Rs 19.63 against the previous close of Rs 18.70 on BSE. It opened higher at Rs 19.63 on BSE
Shares of South Indian Bank rose 6% to Rs 18.40 today, after the lender finalised the candidates for the post of MD and CEO. The lender will submit the application to the RBI seeking approval for the same
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