Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading on a flat note today. Sensex was down 4 points to 66,013 and Nifty rose 8 pts to 19,810.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The dominant trend in the market this year is the huge outperformance of the mid and small caps. While Nifty is up only 8.82% YTD, Nifty midcap index and Nifty Smallcap index are up 33.38% and 41.66% YTD. It is important to understand that Nifty is depressed by the poor performance of banks which have the largest weightage in Nifty. There is no valuation comfort in the broader market but valuations are fair in large caps. The next leg of the rally, driven by institutional money - both foreign and domestic- will be driven by large caps."
Shares of The New India Assurance Company hit a 52-week high of Rs 207.75 rising 19% in early trade today. Market cap of the firm rose to Rs 33,545 crore. Total 11.86 lakh shares of the firm changed hands amounting to a turnover of Rs 23.08 crore.
Shares of Elecon Engineering hit a 52 week high of Rs 987.55 in early trade today. Market cap of the firm rose to Rs 10,932 crore. Total 1.59 lakh shares of the firm changed hands amounting to a turnover of Rs 15.16 crore.
Shares of Paytm fell 4.63% to Rs 880 in early deals today. Total 9.27 lakh shares of the firm changed hands amounting to a high turnover of Rs 82.21 crore on BSE today. Market cap of Paytm declined to Rs 56,964 crore.
Shares of Suzlon Energy Ltd hit upper circuit of 5 per cent in Friday’s trade. Suzlon Energy shares rose 5 per cent to Rs 41.13. The Suzlon Energy stock has risen 278 per cent year-to-date. Total 114.2 lakh shares of the firm changed hands amounting to a high turnover of Rs 46.66 crore on BSE today. Market cap of the firm rose to Rs 55,115 crore.
Shares of Tata Communications rose 1.5% to Rs 1742.90 today against the previous close of Rs 1717.55 on BSE. Total 1.52 lakh shares of the firm changed hands amounting to a high turnover of Rs 26.08 crore on BSE today. Market cap of the firm rose to Rs 49,634 crore.
Shares of Honasa Consumer climbed 15.26% to Rs 487 on BSE. Market cap of the firm rose to Rs 15,143 crore. Total 6.05 lakh shares of the firm changed hands amounting to a turnover of Rs 28.20 crore on BSE today.
Shares of YES Bank fell over 2% to Rs 19.70 in early deals. The bank logged a high turnover of Rs 31.74 crore as 159.39 lakh shares changed hands on BSE today. Market cap of YES Bank declined to Rs 56,884 crore.
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