Produced by: Aseem Thapliyal
The domestic equity market was trading higher on Thursday. Sensex gained 335 points to 73,097 and Nifty added 132 pts to 22,130. Market cap of BSE-listed firms rose to Rs 378.55 lakh crore.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, " There is room for the broader market to correct more since the valuations continue to be elevated. Investors should now focus on large caps and quality midcaps. The turbulence in the market will give cherry picking opportunities. From now on irrational exuberance will take a back seat and rational valuations and quality will be the driving force.”
Shares of KPI Green Energy were stuck in the lower circuit of 5% on Thursday. KPI Green Energy stock hit lower circuit of 5% for the third consecutive session. KPI Green Energy shares slipped 5% to Rs 1473.85 on BSE. Market cap of the stock fell to Rs 2.44 crore.
Shares of Shivalik Bimetal Controls slipped 6.39% to Rs 471 today. A total of 0.43 lakh shares of the firm changed hands amounting to a turnover of Rs 2.06 crore on BSE. Market cap of the firm slipped to Rs 2753.77 crore on BSE.
Shares of Indian Railway Finance Corporation Ltd (IRFC) zoomed 14% in the afternoon session to Rs 141.45 on BSE. A total of 122.45 lakh shares of the firm changed hands amounting to a high turnover of Rs 161.99 crore on BSE. Market cap of the firm rose to Rs 1.84 lakh crore in the afternoon session.
Shares of YES Bank climbed 9.44 per cent to Rs 22.94 as a media report said that the lender was planning to sell up to 51 per cent of its stake for a target valuation of $8-9 billion, up from its current market capitalisation of $7.2 billion. A total of 683.04 lakh shares of the firm changed hands amounting to a high turnover of Rs 150.67 crore on BSE. Market cap of the bank rose to Rs 65,471 crore in the afternoon session.
Shares of NHPC climbed 9.41% to Rs 85.56 on BSE today. NHPC shares saw a high turnover of Rs 147.09 crore in the current session as 179.51 lakh shares changed hands on BSE. NHPC’s market cap rose to Rs 84,790 crore.
Shares of Jio Financial gained nearly 3% to Rs 339.70 today. Jio Financial shares saw the highest turnover of Rs 201.34 crore in the current session as 60.85 lakh shares changed hands on BSE. Jio Financial’s market cap rose to Rs 2.14 lakh crore.
Shares of Bandhan Bank fell 2.74% to a fresh 52-week low of Rs 173.45 on BSE. A total of 4.19 lakh shares of the lender changed hands, amounting to a turnover of Rs 7.46 crore on BSE. The stock hit a 52-week high of Rs 272 on June 1, 2023.
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