Produced by: Aseem Thapliyal Designed by: Mohsin Shaikh
Indian equity benchmarks were trading higher amid positive global market sentiment today. The 30-share BSE Sensex rose 444 points to 64,034 and Nifty gained 133 pts to 19,122. All 19 sectoral indices on BSE were trading in the green. Market volatility index India VIX slipped 5.06% to 11.73 in morning trade today
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "In the near-term, the dollar index at 106.3, Brent crude at around $85 and the 10-year US bond yield at 4.75% are favourable for stock markets. There is a possibility that the FIIs who were sustained sellers in October may turn buyers and if that happens, short-covering can take markets higher despite the uncertainty surrounding the Israel-Hamas conflict. From the valuation and growth perspective, leading banks provide good buying opportunities. IT can stage a comeback."
Shares of Suzlon Energy climbed 3 per cent to Rs 32.15 in Thursday's trade ahead of its September quarter results. Market capitalisation of the firm stood at Rs 42,829 crore. Total 29.43 lakh shares changed hands amounting to a turnover of Rs 9.32 crore
Shares of JK Tyre & Industries climbed 14 per cent to Rs 351.05 post September quarter results. Market capitalisation of the firm rose to Rs 8341 crore. Total 6.17 lakh shares changed hands amounting to a turnover of Rs 21.02 crore. The firm logged a 371 per cent rise in consolidated net profit at Rs 242 crore compared to Rs 51.31 crore in the corresponding period last year
Shares of RateGain Travel Technologies climbed over 9% to Rs 682 in early deals. Market capitalisation of the firm rose to Rs 7341 crore. Total 0.26 lakh shares changed hands amounting to a turnover of Rs 1.74 crore. The stock was among the top gainers on BSE
Shares of Vodafone Idea gained 3.5% to Rs 13.23 in early deals. Market capitalisation of the firm rose to Rs 63,624 crore. Total 472.89 lakh shares changed hands amounting to the highest turnover of Rs 61.54 crore on BSE.
Shares of REC gained over 8% to a record high of Rs 304.80 in early deals. Market capitalisation of the firm rose to Rs 80,023 crore. Total 15.35 lakh shares changed hands amounting to a high turnover of Rs 45.95 crore. REC reported a 38.71% year-on-year rise in its consolidated net profit for the quarter ended September to Rs 3,789.90 crore. “Owing to the improving asset quality, increase in lending rates and effective management of Finance Cost, REC is able to record its highest ever quarterly profit," the company said
Shares of Power Finance Corporation hit a 52 week high in early deals. The power sector stock rose 6% to Rs 258.55. Market cap of the firm climbed to Rs 84,878 crore. Total 11.39 lakh shares changed hands amounting to a high turnover of Rs 28.99 crore on BSE
Shares of Adani Power were trading flat ahead of their Q2 earnings today. The stock was trading at Rs 367.55 in early deals. Market capitalisation of the firm stood at Rs 1.41 lakh crore. Total 2.12 lakh shares changed hands amounting to a turnover of Rs 7.79 crore
Shares of Indian Oil gained 4.25% to Rs 96.48 in early deals. Market capitalisation of the firm climbed to Rs 1.34 lakh crore. Total 35.91 lakh shares changed hands amounting to a high turnover of Rs 34.32 crore
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