Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading lower amid mixed global market sentiment today. Sensex fell 127 points to 64,831 and Nifty lost 21 pts to 19,390. Healthcare index on BSE rose 192 points to 28,280. Oil and gas and consumer durables indices rose 164 points and 106 points, respectively. Market volatility index India VIX gained 1.35% to 11.26 in morning trade today.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The market construct is favourable for consolidation around current levels and gradual up move. The 6-day winning streak in S&P 500 provides global stability to markets. Stable crude, steady dollar, down trending US bond yields and declining gold are indicators of stability in markets. Investors have to appreciate the fact that the rally in small and midcaps is primarily driven by retail buying on every dip. The explosive growth in demat accounts which have touched 132 million now is playing a major role in the rally in the broader market while the large caps are under pressure from FII selling.”
Shares of LT Foods zoomed 6% to a fresh 52-week high of Rs 199.55 in early deals. Total 2.79 lakh shares of the firm changed hands amounting to a turnover of Rs 5.44 crore. Market cap of the firm rose to Rs 6826.99 crore on BSE.
Shares of Dalmia Bharat Sugar rose 5% to a fresh 52-week high of Rs 490.05 post Q2 earnings. Market capitalisation of the firm rose to Rs 3,870 crore. Total 0.22 lakh shares changed hands amounting to a turnover of Rs 1.07 crore. The firm reported a profit of Rs 54.9 crore in Q2 against Rs 11.9 crore in the September quarter of the previous fiscal.
Shares of Honasa Consumer made a flat debut at Dalal Street on Tuesday as the counter was listed at Rs 330, a premium of 2 per cent over its issue price of Rs 324 apiece on the NSE, while the parent company of Mamaearth kicked-off its innings at par on BSE at Rs 324.
Shares of Zomato Ltd rose nearly 2 per cent to a 52-week high of Rs 126.10 for the second straight session after the firm announced its September quarter earnings. The online food delivery platform beat Street's Q2 expectations on most fronts. Market capitalisation of the firm rose to Rs 1.07 lakh crore. Total 51.27 lakh shares changed hands amounting to a high turnover of Rs 63.61 crore on BSE.
Shares of Jaiprakash Power Ventures hit a 52-week high of Rs 13.80 in early deals. The stock rose nearly 10% in early deals. Market capitalisation of the firm rose to Rs 9272.73 crore. Total 806.98 lakh shares changed hands amounting to the highest turnover of Rs 110.37 crore on BSE. The stock was the top gainer on BSE.
Shares of Suzlon Energy hit a 52-week high in early deals on Tuesday. The renewable energy stock gained 5% to Rs 37.80. Market cap of the firm climbed to Rs 49,006 crore. Total 196.74 lakh shares changed hands amounting to a high turnover of Rs 72.37 crore on BSE. In the September quarter, consolidated net profit zoomed 78.11 per cent to Rs 102.29 crore against Rs 57.43 crore in the year-ago period. However, revenue from operations slipped 0.92 per cent to Rs 1,417.21 crore in Q2 FY24 from Rs 1,430.38 crore in the corresponding period last year.
Shares of Radico Khaitan gained 3% to Rs 1338.60 in early deals today post Q2 earnings. Market capitalisation of the firm rose to Rs 17,756 crore. Total 4785 shares changed hands amounting to a turnover of Rs 63.30 lakh. The liquor maker reported a 19 per cent rise in its consolidated net profit to Rs 64.83 crore for the September quarter. Revenue from operations rose to Rs 3,715.05 crore in Q2 against Rs 3,018.56 crore in the corresponding quarter of the previous fiscal.
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