Sensex rose 79 points or 0.13% to hit an all-time high of 63,602 in opening deals, while the broader NSE Nifty moved 26 points or 0.11% up to trade at 18,882, a few points away from its lifetime peak of 18,888
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The Sensex hitting a new high will continue to sustain optimism in the market mood. Market has been bouncing back from the dips consistently, and this market construct has the potential to sustain the enthusiasm of the bulls. India stands out among emerging markets with the best growth-inflation balance. However, the big wall of worry is the rich valuation, which might invite institutional selling beyond a point.”
Shares of Crayons Advertising Ltd hit upper circuit of 10% in early trade today after BOFA Securities Europe SA bought 2,14,000 shares of the firm in a bulk deal. The transaction carried out at a price of Rs 155.18 was worth Rs 3.32 crore. The stock is listed on NSE. Crayons Advertising stock opened 10% higher and was locked in the upper circuit of Rs 171.80
Shares of Tata Steel gained 1.67% to Rs 112.15 against the close of Rs 110.30 on BSE. Market cap of the firm rose to Rs 1.36 lakh crore. Tata Steel stock turned ex-date for dividend on Thursday. Tata Steel had announced dividend at Rs 3.60 per share. Tata Steel will pay the actual dividend on July 10. The stock was the top Sensex gainer today
Shares of Tata Elxsi were trading lower as the Tata Group stock turned ex-date for dividend today. The stock fell 0.76% to Rs 7,733. Market cap of the firm fell to Rs 48,164 crore. Tata Elxsi’s dividend payment will be made on August 3
Shares of NIIT Ltd slipped 4% in early trade becoming the top loser on BSE. Market cap of the firm fell to Rs 1,169.13 crore. The firm saw 2.21 lakh shares changing hands amounting to a turnover of Rs 1.97 crore on BSE. The stock fell to Rs 86.05 against the previous close of Rs 90.40
Shares of Bharti Airtel were in focus today after the firm said it inked an agreement for acquisition of 2,83,400 (12.07%) equity shares in Egan Solar Power Private Limited. The stock rose to an intraday high of Rs 842.40 against the previous close of Rs 838.70. Market cap of the firm stood at Rs 4.69 lakh crore
Shares of Brightcom Group fell 5% to Rs 33.23 in early trade today. It was stuck in the lower circuit of 5% on BSE. Market cap of the firm fell to Rs 6723.72 crore
Shares of Adani Enterprises rose 1.71% to Rs 2,448.50 today. The market cap rose to Rs 2.75 lakh crore. The firm saw 1.30 lakh shares changing hands amounting to a high turnover of Rs 31.56 crore on BSE
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