Benchmarks indices traded higher in early deals on Tuesday, taking cues from the global markets. Sensex rose 97 points to 62,944, while the broader NSE Nifty gained 37 points to 18636
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The market in this rally has been driven by liquidity, mainly from FPIs who have invested Rs 33,625 crore through the exchanges and an additional Rs 5,480 crore through the primary market accounting for a massive total investment of Rs 39,105 crore through May 29 (Source: NSDL). India has again become a preferred choice of FPIs. But investors need not expect a sustained sharp rally since valuations don’t warrant that and profit booking will exert selling pressure.”
Shares of Adani Ports fell over 1% to Rs 730 ahead of the firm’s Q4 and annual earnings set to be announced today. Adani Ports market cap stood at Rs 1.57 lakh crore
Shares of the Adani Group firm are trading lower today after Q4 and annual earnings. The stock slipped 4.46% to Rs 795 against the previous close of Rs 832.35 on BSE. Market cap of the firm fell to Rs 88,681 crore
Shares of Indian Railway Catering and Tourism Corporation (IRCTC), the tourism and ticketing arm of Indian Railways, fell 2% to Rs 625 on BSE after the firm announced its March quarter and annual results. The stock opened flat at Rs 645 against the previous close of Rs 645.60 on BSE
Shares of Aurobindo Pharma jumped 7% to Rs 655 in early trade after the drugmaker reported a 12.2% fall in consolidated net profit of Rs 505.9 crore in Q4 of FY23 against Rs 576.1 crore a year ago same quarter
Shares of Brightcom Group were stuck in the upper circuit of 5% for the second session today. The firm will announce its Q4 and annual earnings on May 30. Shares of Brightcom Group gained 5% to Rs 17.81 against the previous close of Rs 16.97 on BSE. It opened higher at Rs 17.81 on BSE
The stock fell 11% to Rs 318.5 on BSE after Q4 net loss widened sequentially to Rs 97.84 crore against a loss of Rs 15.67 crore in the preceding quarter. Market cap of the firm fell to Rs 5,327 crore
Shares of Suzlon Energy rose 3% to Rs 10.68 on BSE in early trade. The stock saw 224.92 lakh shares changing hands within the first hour of trade, amounting to a high turnover of Rs 23.58 crore
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