Benchmarks indices rose in early deals on Tuesday amid positive global cues. Sensex rose 296 points to 63,020, while NSE's Nifty50 added 80 points to 18,680
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The market rally which began in April remains strong with healthy corrections. The market construct is favourable for continuation of the rally. The global support for the rally comes from the consolidation in the US market where S&P 500 is at a 52-week high with low volatility, indicating lack of fear in the market. The domestic support to the market comes from strong economic cues. The May CPI inflation at 4.25% and IIP at 4.2% are better-than-expected.”
The shares declined 6.28% to hit a low of Rs 182.60 on BSE after Sebi barred Subhash Chandra and Punit Goenka from being directors or key management personnel in any listed firm. The stock, however, recovered and was later traded at Rs 188.25, down 3.39%
Shares of Indian Energy Exchange Ltd (IEX) were trading in the green for the second consecutive session today. The stock touched an intraday high of Rs 124.75 on BSE. Market cap of the firm rose to Rs 11,148 crore. In the last two sessions last week, the stock tumbled over 17% after the power ministry directed Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner
Shares of Asian Paints rose 2.47% to Rs 3,272.35 in early trade today. Market cap of the firm rose to Rs 3.12 lakh crore. The was the top Sensex gainer in early trade
MRF shares became the first Indian scrip to hit the Rs 1 lakh mark. Shares of MRF gained more than a per cent during the early trading session to hit the six-digit mark, making history at Dalal Street. Market cap of the firm rose to Rs 42,307 crore
JSW Steel shares rose after two sessions as the firm has been declared as a preferred bidder from the Directorate of Mines and Geology, Goa, for grant of mining lease for iron ore mineral in Goa. Shares of JSW Steel rose to Rs 746 against the previous close of Rs 756 on BSE. It opened higher at Rs 755
Shares of Caplin Point Labs rose nearly 2% to Rs 825.25 on BSE after the firm received USFDA’s nod for cisatracurium besylate injection. The stock has been gaining for two sessions
Shares of Brightcom Group rose 4.97% to Rs 26.19 in early trade today. Shares of Brightcom Group have gained 33.76% in the last six sessions. It opened higher at Rs 26.19 on BSE. Market cap of the firm rose to Rs 5285 crore
Shares of Inox Wind Energy hit an all-time high of Rs 2,150 today after the company’s board approved a merger with its parent company Inox Wind. Under the scheme of arrangement, 158 equity shares of Inox Wind will be issued for every 10 shares held in Inox Wind Energy. The stock zoomed 18.63% intraday on BSE. Market cap of the firm rose to Rs ,2307 crore on BSE
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