Benchmark indices were trading higher in early deals today. The 30-share BSE Sensex rose 51 points to 63,436 and Nifty gained 14 points to 18,839. Mid and small-cap shares gained as BSE Midcap index added 156 points and small-cap index rose 180 pts, respectively
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The ongoing rally scaled new closing highs last Friday and is now within sight of a new all-time high, which is 18887 for the Nifty. There are two significant trends in the market now: One, this rally is broad-based with the participation of most sectors except large-cap IT. Two, mid and small-caps are outperforming large caps. This trend is likely to continue in the near-term. A new all-time high is only a matter of time. The only concern now is the poor performance of the monsoon, so far.”
Shares of Axiscades Technologies hit the upper circuit of 5% in early deals after its board cleared the acquisition of add solution, GmbH, Germany, specializing in automotive solutions to global OEMs, in a phased manner. Axiscades Technologies rose 5% to Rs 402.65 on BSE. Axiscades Technologies market cap rose to Rs 1,538 crore on BSE
Shares of Kalyan Jewellers rose to an all-time high of Rs 137.6 against the close of Rs 131.65 on BSE. The stock rose 4.52% to a record high in early deals. The rally came despite Highdell Investment, owned by private equity firm Warburg Pincus, selling a partial stake in Kalyan Jewellers through open market transactions on Friday. Market cap of the firm stood at Rs 13,833 crore
Shares of Tata Steel rose to Rs 115.50 in early trade. Market cap of the firm climbed to Rs 1.39 lakh crore after the Tata Group firm said it was planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year
Shares of Suzlon Energy fell today after two sessions of gains. The stock slipped to Rs 14.46, down 2% against the previous close of Rs 14.76 on BSE. The stock saw high turnover and volumes with 150.04 lakh shares changing hands amounting to a turnover of Rs 22.23 crore on BSE. Market cap of the firm fell to Rs 17,975 crore
Titan Company stock rose 2.36% to a record high of Rs 3023.8 on BSE in early trade. Market cap of the firm climbed to Rs 2.66 lakh crore. The firm saw 0.16 lakh shares changing hands amounting to a turnover of Rs 4.71 crore on BSE. It was the top Sensex gainer in early trade
Shares of Brightcom Group rose 5% to Rs 31.81 in early trade today. Shares of Brightcom Group have gained 62.46% in the last ten sessions. It opened higher at Rs 31.45 on BSE. Market cap of the firm rose to Rs 6,419 crore
Shares of Tega Industries fell 2.08% to Rs 907 today. Tega Industries’ market cap declined to Rs 6091 crore. The stock saw high turnover and volumes with 28.54 lakh shares changing hands amounting to a turnover of Rs 259 crore on BSE
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