Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading higher today. Sensex rose 26 points to 66,009 and Nifty gained 30 pts to 19,795. Banking index was the top loser on BSE, falling 532 points. Auto and capital goods indices gained 365 pts and 375 pts, respectively. Market volatility index India VIX rose 1.89% to 11.89 in morning trade today.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, " There are some important trends which will impact the market in the near-term. One, the big macro driver of this two day rally in the market - peaking and declining US bond yields - is very much in place. This will continue to impart resilience to the market. Two, the sharp decline in Brent crude to $ 77.5 is a positive for India's macros and favourable for sectors that consume petroleum inputs like aviation, tyres and paints. Three, and this is a negative factor, the RBI action raising the risk weighting on unsecured loans is sentiment negative for financials. In the near-term, IT, automobiles, telecom and construction-related segments will attract more buying since financials will see the temporary impact of the RBI action.”
Shares of Tata Motors hit a 52-week high of Rs 687.55 in early trade today. Total 2.02 lakh shares of Tata Motors changed hands amounting to a turnover of Rs 13.84 crore. Market cap of the firm rose to Rs 2.27 lakh crore on BSE.
Shares of IRB Infrastructure hit a record high today after Moody's affirmed the company's Ba1 CFR and India Toll Roads' Ba2 senior secured rating and maintained the stable outlook for both ratings. IRB Infra stock gained 7.5% to Rs 38.40 in early deals. Total 63.92 lakh shares of IRB Infrastructure changed hands amounting to a turnover of Rs 23.96 crore. Market cap of the firm rose to Rs 22,591.90 crore on BSE.
Shares of Delhivery fell nearly 4 per cent amid huge turnover on the counter. A media report said that a total of 1.8 crore shares, accounting to 2.51 per cent equity, worth Rs 747 crore changed hands on the counter at Rs 403 per share. Delhivery stock slipped to Rs 398.80, down 3.63 per cent intraday on BSE. Total 16.19 lakh shares of Delhivery changed hands amounting to a turnover of Rs 65.30 crore.
Shares of Varroc Engineering gained 9% to Rs 513.60 in early deals. Market capitalisation of the firm rose to Rs 7,792 crore. Total 0.22 lakh shares changed hands amounting to a turnover of Rs 1.09 crore on BSE.
Shares of YES Bank rose over 4% to Rs 21.15 during the early trading session. Market capitalisation of the bank climbed to Rs 60,364.27 crore. Total 565.82 lakh shares changed hands amounting to a high turnover of Rs 116.25 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 Titagarh Rail hit a 52-week high of Rs 936.40, rising 11.66% on BSE. Around 3.55 lakh shares changed hands amounting to a turnover of Rs 31.82 crore. Market cap of the firm rose to Rs 11,639 crore.
Shares of Suzlon Energy Ltd hit a fresh 52-week high today. Suzlon Energy stock rose 4.6 per cent to hit a high of Rs 44 in early trade on BSE. Market capitalisation of the firm rose to Rs 59,704 crore. Total 78.11 lakh shares changed hands amounting to a turnover of Rs 34.19 crore on BSE.
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