Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading flat amid mixed global cues today. Sensex slipped 11 points to 64,685 and Nifty fell 36 pts to 19,359. Auto and consumer durables indices slipped 260 points each on BSE. On the hand, capital goods shares were the top gainers with their BSE index, rising 217 points,. Market volatility index India VIX was unchanged at 11.19 in morning trade today.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The 8-day winning streak in S&P 500 was halted by a slightly hawkish statement from the Fed chief Jerome Powell that “the Fed will not hesitate to tighten policy if needed.” The lingering concern that ‘the rates may remain higher for longer’ will continue as a headwind for stock markets for some time, but is unlikely to drag it down meaningfully. The Indian market texture indicates that the ‘buy on dips’ strategy will continue to work. In Samvat 2080, Financials are likely to do well supported by attractive valuations and impressive growth.”
Shares of Jubilant FoodWorks were trading flat at Rs 509.20 in early trade. Total 17.03 lakh shares of the firm changed hands amounting to the highest turnover of Rs 86.15 crore. Market cap of the firm rose to Rs 33,651 crore on BSE.
Shares of Adani Ports gained 1.5% to Rs 818 today post Q2 earnings. Market capitalisation of the firm rose to Rs 1.75 lakh crore. Total 1.03 lakh shares changed hands amounting to a turnover of Rs 8.39 crore.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) fell over 2 per cent even as consolidated revenue, Ebitda and profit, thanks to one-off gains, beat analyst estimates. The stock slipped 2.09 per cent to hit a low of Rs 257.30 on BSE.
Shares of Caplin Point Labs rose 9.5 per cent to a 52 week high of Rs 1205 post Q2 earnings. Market capitalisation of the firm rose to Rs 9136.05 crore. Total 0.22 lakh shares changed hands amounting to a high turnover of Rs 2.62 crore on BSE.
Shares of Force Motors were stuck in the upper circuit of 5% today post Q2 earnings. Force Motors shares rose 5% to a high of Rs 4053.25 today against the previous close of Rs 3860.25 on BSE.
Shares of CarTrade Tech hit a 52-week high of Rs 824 in early deals on Friday. Market cap of the firm climbed to Rs 3813 crore. Total 1.08 lakh shares changed hands amounting to a turnover of Rs 8.62 crore on BSE. In the September 2023 quarter, consolidated net profit zoomed 132% to Rs 12.96 crore, up from Rs 5.57 crore in Q2 FY23.
Shares of YES Bank hit a high of Rs 18.56 in early deals today. Market capitalisation of the bank rose to Rs 52,599 crore. Total 218.72 lakh shares changed hands amounting to a high turnover of Rs 40.20 crore.
Shares of Vodafone Idea hit a 52 week high of Rs 14.45 in early deals today. Market capitalisation of the firm rose to Rs 68,881 crore. Total 246.44 lakh shares changed hands amounting to a high turnover of Rs 34.98 crore.
Shares of Campus Activewear fell 10% to Rs 237.70 in early deals today post Q2 earnings. Market capitalisation of the firm slipped to Rs 7722.97 crore. Total 18.35 lakh shares changed hands amounting to a high turnover of Rs 44.43 crore. The footwear brand reported a sharp 97.8 per cent fall in its profit after tax at Rs 0.30 crore in September 2023 (Q2FY24), due to weak operational performance. It had posted a net profit of Rs 14.5 crore in a year ago quarter.
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