Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading higher today. Sensex rose 155 points to 65,831 and Nifty gained 44 pts to 19719. Capital goods and IT indices on BSE zoomed 210 points and 203 points, respectively. Market volatility index India VIX rose 3.68% to 11.54 in morning trade .
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "An important trend in the market is the increasing clout of DIIs, HNIs and retail investors and the diminishing influence of FPIs. During August, September, October and November till date FPIs cumulatively sold stocks for Rs 83,422 crore on bourses. During this period, DIIs bought stocks worth Rs 77995 crore. FPI selling is completely getting neutralised by DII and individual investor buying. This is the reason why Nifty is around 19675, the same level which it was in early August. FIIs turning buyers is favourable for banking stocks, particularly the large caps, which are attractively valued. Automobiles are on a strong wicket.”
Shares of Tata Motors hit a 52 week high of Rs 683.95 in early trade today. Total 6.25 lakh shares of Tata Motors changed hands amounting to a turnover of Rs 42.33 crore. Market cap of the firm rose to Rs 2.26 lakh crore on BSE.
Shares of Vedanta fell over 2% in early deals after the Vedanta Group said the company's subsidiary, Malco Energy Limited, has set up a new unit in Saudi Arabia for copper business for SAR (saudi riyal) 1,00,000. The metal stock fell to Rs 234.35 on BSE. Total 2.74 lakh shares of Vedanta changed hands amounting to a turnover of Rs 6.58 crore.
Shares of Kalyan Jewellers were the top losers on BSE, falling 6.83% to Rs 307 against the previous close of Rs 329.50 on BSE. Total 1.49 lakh shares of the firm changed hands amounting to a turnover of Rs 4.70 crore. Market cap of Kalyan Jewellers fell to Rs 32,189 crore on BSE.
Shares of Bajaj Finance fell 4% to Rs 6937.15 in early deals. Market capitalisation of the firm fell to Rs 4.48 lakh crore. Total 0.64 lakh shares changed hands amounting to a high turnover of Rs 45.03 crore on BSE. The stock fell after the Reserve Bank of India (RBI) directed Bajaj Finance to stop disbursing loans through two of its lending products - 'eCOM' and 'Insta EMI Card' - with immediate effect, as per an official statement issued on November 15.
Shares of YES Bank were trading flat at Rs 20.23 crore during the early trading session. Market capitalisation of the bank stood at Rs 58,178 crore. Total 242.19 lakh shares changed hands amounting to a high turnover of Rs 49 crore on BSE. The lender last week said it has received Rs 120 crore from sale of NPA portfolio to JC Flowers ARC.
Shares of Vodafone Idea rose 4.12 per cent to hit a 52-week high of Rs 14.65. On BSE, around 2.21 crore shares changed hands amounting to a turnover of Rs 31.94 crore. Market cap of the firm rose to Rs 69, 952 crore.
Shares of Suzlon Energy Ltd hit a fresh 52-week high today. The company said it received RLMM (Revised List of Models & Manufacturers) for its S144, a 3 MW series of wind turbines from the Ministry of New and Renewable Energy (MNRE). Suzlon Energy stock rose 3.72 per cent to hit a high of Rs 42 on BSE. Market capitalisation of the firm rose to Rs 56,608 crore. Total 69.69 lakh shares changed hands amounting to a turnover of Rs 29.09 crore on BSE.
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