Benchmark indices were trading higher in early deals today. The 30-share BSE Sensex gained 263 points to trade at 63,679, while the NSE Nifty rallied 92 points to 18,909
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “There is renewed vigour in the market which bulls might utilise to take the Nifty to new record high. The rise in the benchmark indices yesterday was mainly due to the surge in HDFC twins whose merger is likely to happen on 1st July. The huge delivery volumes in HDFC twins (Rs 2,900 crores) indicate that selling in the stocks to abide by the 10% holding ceiling for mutual funds is getting absorbed by interested buying. This indicates that the stock, which was weighed down by concerns regarding the merger, is likely to do well post merger. This will help Bank Nifty also to move higher."
Shares of Titagarh Rail Systems Ltd (erstwhile Titagarh Wagons) hit a record high after the company bagged Rs 857 crore worth orders from Gujarat Metro Rail Corporation for designing, manufacturing, supplying, testing, commissioning and training of 72 Standard Gauge Cars for Surat Metro Rail Phase-I Project I. The stock rose 4.67% to hit a fresh high of Rs 529.20 on BSE
Shares of Titan Company rose 2% to a record high of Rs 3,030 against the close of Rs 2,976.40 on BSE. A total of 0.25 lakh shares changed hands amounting to a turnover of Rs 7.58 crore. The stock was the top gainer on Sensex. Market cap of the firm rose to Rs 2.67 lakh crore
Shares of Kitex Garments rose 11.77% to Rs 188.45 in early trade. Kitex Garments market cap climbed to 1,222.60 on BSE. The stock was top gainer on BSE
Shares of Adani Enterprises gained nearly 5% to Rs 2,393.70 today against the previous close of Rs 2,281.75 on BSE. Market cap of the firm rose to Rs 2.72 lakh crore. It was among the top gainers on BSE. The firm saw 1.68 lakh shares changing hands amounting to a high turnover of Rs 39.74 crore on BSE
Shares of Bikaji Foods rose on Wednesday logging high turnover on BSE. The stock gained over 4.19% to Rs 447 commanding a total market capitalization of Rs 10,810 crore. The firm saw 11.06 lakh shares changing hands amounting to a high turnover of Rs 47.09 crore on BSE
Shares of Brightcom Group hit upper circuit of 5% at Rs 30 in early trade today. It opened higher at Rs 27.16 on BSE. Market cap of the firm rose to Rs 5920 crore
Shares of Rain Industries Ltd slipped 3.6% to Rs 162 today over previous close of Rs 168.05 on BSE. The scrip was among the top losers on BSE today. Market cap of the firm fell to Rs 5529 crore
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