Produced by: Aseem Thapliyal Designed by: Muskan Arora
The domestic equity market was trading lower on Friday. Sensex fell 537 points to 72,558 and Nifty lost 189 pts to 21,957. Market cap of BSE-listed firms declined to Rs 375 lakh crore.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said," Even when prospects for certain sectors are good, valuations have run ahead of fundamentals. Low floating stock in many segments has resulted in prices shooting up. Investors should understand that high quality large caps with good growth prospects are available at fair valuations. Focusing on such stocks would be safer than chasing smallcaps with stretched valuations."
Shares of Paisalo Digital were among the top gainers on BSE today. The NBFC stock gained 10% to Rs 135.50 against the previous close of Rs 123.20 in early deals. A total of 1.28 lakh shares of the firm changed hands amounting to a turnover of Rs 1.71 crore on BSE.
Suzlon Energy shares slipped 3.71% to Rs 37.60 today. A total of 22.23 lakh shares of the firm changed hands amounting to a turnover of Rs 8.46 crore on BSE. Market cap of Suzlon Energy fell to Rs 51,305 crore on BSE.
Shares of BHEL slipped 8% to Rs 207.20 in early deals amid a correction the benchmark indices today. The stock was among the top losers on BSE today. A total of 11.23 lakh shares of the firm changed hands amounting to a turnover of Rs 24.25 crore on BSE. Market cap of BHEL fell to Rs 73,105 crore on BSE.
Shares of Bharat Electronics Ltd (BEL) slipped 7% to Rs 182.35 today even as the firm inked a contract worth Rs 847.70 crore with Larsen & Toubro (L&T) for the supply of 14 cutting-edge Communication and Electronic Warfare (EW) sensors and systems. Market cap of the firm fell to Rs 1.33 lakh crore. Total 14.02 lakh shares of the firm changed hands amounting to a turnover of Rs 26.33 crore.
Shares of IRFC fell 5% to Rs 133.45 today. Market cap of the firm slipped to Rs 1.77 lakh crore. Total 107.67 lakh shares changed hands amounting to a high turnover of Rs 150 crore.
Shares of Jio Financial Services saw a high turnover of Rs 113.04 crore as 33.03 lakh shares changed hands on BSE. Market cap of the firm climbed to Rs 2.16 lakh crore. The stock of rose 0.81% to Rs 341.20 today against the previous close of Rs 338.45 on BSE
Shares of hydropower producer NHPC Ltd gained over 3% in early deals after the firm said it has bagged a 200 MW Capacity Solar Power Project to be set up in M/s Gujarat State Electricity Corporation Ltd. (GSECL) 1125 MW RE Park at Khavda (Gujarat). The estimated cost of the project is Rs 846.66 crore. NHPC stock zoomed 3.18% to Rs 87.74 on BSE. Market cap of the firm climbed to Rs 83,042 crore.
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