Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. Sensex slipped 217 points to 65, 577 and Nifty lost 46 pts to 19,685. Auto index was the top loser on BSE, falling 350 points. Healthcare and IT indices gained 270 pts and 182 pts, respectively. Market volatility index India VIX rose 6.76% to 12.63 in morning trade today.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The ongoing rally in the mother market US triggered by declining bond yields makes the market construct slightly favourable for the continuation of the rally in India, too. Like in cricket, there will be occasional set backs, but it is the long-term trend that matters in the market. Clearly, this is a buy on dips market. Retail investor exuberance is pushing up the broader market. Investors should not be blinded by the recent bias and chase small caps running away without fundamental support. In spite of recent underperformance, safety is now in large caps. Since FIIs turned buyers in the cash market on two days recently, they are unlikely to sell big and may again buy on favourable developments. There is momentum in large-cap IT stocks.”
Shares of Solar Industries hit a 52 week high of Rs 8499 in early deals today. Total 0.23 lakh shares of Solar Industries changed hands amounting to a turnover of Rs 17.07 crore. Market cap of the firm stood at Rs 63,216 crore on BSE.
Shares of Tata Investment, a Tata Group investment company, rose 15.79 per cent to hit a 52-week high of Rs 4,521.90 today. Total 1.24 lakh shares of Tata Investment changed hands amounting to a turnover of Rs 53.15 crore.
Shares of RattanIndia Power fell 4.98 per cent to Rs 10.11 amid a huge turnover on the counter. Total 607.70 lakh shares of Delhivery changed hands amounting to a turnover of Rs 62.30 crore. Market capitalisation of the firm fell to Rs 5429.18 crore.
Shares of Cipla Ltd were trading flat at Rs 1252.45 on BSE after the pharma firm executed a facility demand guarantee of ZAR 945 million in favour of First Rand Bank, South Africa, for extending general banking facilities to Medpro Pharmaceutical (Pty) Ltd. Medpro is a step-down wholly-owned subsidiary of Cipla in South Africa. Market capitalisation of the firm rose to Rs 1.01 lakh crore. Total 0.25 lakh shares changed hands amounting to a turnover of Rs 3.11 crore on BSE.
Shares of Bank of Baroda gained 1 percent in early deals today after the lender said it would raise up to Rs 15,000 crore through tier-II and infrastructure bonds to fund business growth. Bank of Baroda stock gained 0.99 % to Rs 198.60 on BSE. Market cap of the firm rose to Rs 1.02 lakh crore on BSE. It opened higher at Rs 197.15 . Total 0.60 lakh shares of Bank of Baroda changed hands amounting to a turnover of Rs 1.17 crore on BSE.
Shares of YES Bank fell nearly 3% to Rs 20.24 during early trade today. Market capitalisation of the bank fell to Rs 58,293 crore. Total 299.96 lakh shares changed hands amounting to a high turnover of Rs 61.68 crore on BSE.
Shares of Titagarh Rail fell 3.11% to Rs 944 on BSE. Around 0.74 lakh shares changed hands amounting to a turnover of Rs 7.12 crore. Market cap of the firm fell to Rs 12,055 crore.
Shares of Suzlon Energy snapped their fivesession winning run amid weak sentiment in the broader market in early trade today. Suzlon Energy stock fell 3.78% to Rs 40.67 against the previous close of Rs 42.27 on BSE. Market cap of Suzlon Energy slipped to Rs 55, 468.52 crore. Total 58.28 lakh shares of Suzlon Energy changed hands amounting to a turnover of Rs 24.53 crore on BSE.
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