Produced by: Aseem Thapliyal
The domestic equity market was trading higher in the afternoon session. Sensex gained 88 points to 77,425 and Nifty rose 41 pts to 23,556.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The money flowing into the market continues unabated. The trend of FII selling also appears to be over since they have turned big buyers yesterday posting positive buy numbers for June. With both FIIs and DIIs turning buyers, the market is likely to remain resilient. But high valuations can trigger profit booking and selling anytime. Largecap banks continue to be safe bets and there is contra value buying opportunity in IT stocks, which are facing temporary headwinds.”
Shares of Indian Hotels gained over 2.5% in early deals to hit a record high of Rs 632.75 on BSE. Market cap of the firm rose to Rs 90,103 crore. A total of 1.66 lakh shares changed hands amounting to a turnover of Rs 10.44 crore on BSE.
Shares of Federal Bank hit their record high today. The banking stock gained over 1% to a record high of Rs 177.90 against the previous close of Rs 174.60 in early deals. A total of 2.38 lakh shares changed hands amounting to a turnover of Rs 4.21 crore on BSE. Market cap of the bank climbed to Rs 43,318 crore.
Shares of Best Agrolife rose 18 per cent as Seedlings India Private Limited, a wholly owned subsidiary of the company, was granted a licence for indigenous manufacturing of Chlorantraniliprole 4.5 per cent, Novaluron 11.5 per cent, and Emamectin Benzoate 1.5 per cent SE by Central Insecticides Board & Registration Committee. The stock rose 17.88 per cent to Rs 721 on BSE.
Shares of Sapphire Foods gained 7.4% to Rs 1,672.75 today. A total of 0.20 lakh shares of the firm changed hands amounting to a turnover of Rs 3.17 crore on BSE. Market cap of the firm climbed to Rs 10,172 crore. The firm's board approved the split of existing equity shares of the company from 1 equity share to 5 equity shares.
PNB Housing Finance stock slipped 5.3% to Rs 796.60 on BSE today. Market cap of the firm fell to Rs 20,733 crore. Turnover was high at Rs 101.34 crore with 12.69 lakh shares changing hands on BSE.
Hindustan Aeronautics stock saw a high turnover of Rs 108.80 crore with 2.08 lakh shares changing hands on Thursday. Market cap of the firm stood at Rs 3.56 lakh crore. The stock rose nearly 1% to a high of Rs 5357.50 on BSE.
Moschip Technologies shares gained 11% to a record high of Rs 279.80. Market cap of the firm rose to Rs 5179.41 crore. The stock saw a high turnover of Rs 178.56 crore with 65.87 lakh shares changing hands in early deals on Thursday.
Shares of RateGain Travel Technologies zoomed 8% in early deals amid reports of a block deal today. Nearly 21.6 lakh shares worth Rs 161 crore changed hands at Rs 745 per share on BSE. The floor price of the block deal was Rs 744.4 per share.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.