Produced by: Aseem Thapliyal Designed by: Mohsin Shaikh
Indian equity benchmarks were trading lower amid mixed global cues today. The 30-share BSE Sensex fell 133 points to 63,749 and Nifty lost 35 pts to 19,044. Market volatility index India VIX rose 1.18% to 11.98 in morning trade today
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “It is important to understand that equity markets globally are being impacted more by the spike in US bond yields rather than the Israel-Hamas conflict. The US 10-year bond yield above 4.9% will continue to be a major headwind for stock markets, particularly for those in emerging markets. Sustained selling by FIIs is likely to continue weighing on markets.”
Shares of Bharti Airtel slipped 2% to Rs 896 today post Q2 earnings. Market capitalisation of the firm fell to Rs 5.12 lakh crore. Total 0.39 lakh shares changed hands amounting to a turnover of Rs 3.52 crore. Consolidated net profit for the quarter ended September fell 37.50 percent to Rs 1,340.7 crore from Rs 2,145.2 crore in the same quarter last year
Shares of Larsen &Toubro fell 2% to Rs 2872 post Q2 earnings. Market capitalisation of the firm fell to Rs 4.07 lakh crore. Total 0.81 lakh shares changed hands amounting to a turnover of Rs 23.69 crore. Net profit climbed 45 percent year-on-year to Rs 3,223 crore in the September 2023 quarter
Shares of Vodafone Idea zoomed 6% to Rs 12.73 today. Market capitalisation of the telco climbed to Rs 60,946 crore. Total 723.27 lakh shares changed hands amounting to a high turnover of Rs 90.85 crore. The stock was among the top gainers on BSE
Shares of Star Health and Allied Insurance Company fell 4% to Rs 555.70 today post Q2 earnings. Market capitalisation of the firm slipped to Rs 32,573 crore. Total 9350 shares changed hands amounting to a high turnover of Rs 52.55 lakh. A 35 per cent jump in YoY profit for Star Health missed Street estimates due to higher-than expected claims and expense ratio
Shares of Bombay Burmah Trading climbed 10% to Rs 1483.40 in early deals. Market capitalisation of the firm rose to Rs 10,243 crore. Total 0.23 lakh shares changed hands amounting to a turnover of Rs 3.33 crore. The stock was among the top gainers on BSE
Shares of Elecon Engineering zoomed 8% to Rs 903 in early deals today. Market capitalisation of the firm rose to Rs 9976 crore. Total 1.01 lakh shares changed hands amounting to a turnover of Rs 8.96 crore. The stock was among the top gainers on BSE
Shares of RattanIndia Enterprises surged over 9% to Rs 57.35 against the previous close of Rs 51.71 on BSE. RattanIndia Enterprises shares rallied after the firm said its company Throttle Aerospace Systems (TAS) received Type-Certification for its drone product, DOPO, from the Directorate General of Civil Aviation (DGCA). Market capitalisation of the firm climbed to Rs 7,782 crore. Total 8.56 lakh shares changed hands amounting to a turnover of Rs 4.80 crore
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