Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. The 30-share BSE Sensex fell 94 points to 66,379 and Nifty lost 21 pts to 19,790. Here's a look at stocks buzzing in early deals.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “There are positive developments that can strengthen the rally in the market. Steadily declining trend in the dollar index and the US bond yields, declining crude and a sharp dip in FII selling in the cash market are big positives for the market. If the US CPI inflation data expected tonight dips below 3.6 % that will be a shot in the arm for the bulls. At home, the market will wait for the results of Infosys and HCL Tech due today for taking a view on the IT segment. The rally in banking stocks have more steam left."
Grasim shares rose to their all-time high in early deals after the company said a meeting of the board of directors is scheduled on October 16, 2023 inter alia, to consider and approve the proposal for raising of funds. Shares of Grasim gained 2.14% to Rs 2021.95 on BSE. Market cap of the firm climbed to Rs 1.31 lakh crore.
Shares of Pricol gained 3% to Rs 340 after the firm inked an agreement with China's Heilongjiang Tianyouwei Electronics Co Ltd. Market cap of the firm climbed to Rs 4,088 crore. Total 0.10 lakh shares of the firm changed hands amounting to a high turnover of Rs 33.78 crore on BSE.
Shares of Swan Energy gained 7.72% to Rs 316.70 in early deals. The stock was among the top gainers on BSE. Market cap of the firm rose to Rs 8195.94 crore. Total 1.72 lakh shares of the firm changed hands amounting to a high turnover of Rs 5.31 crore on BSE.
Shares of mining firm GMDC zoomed 10.44% to Rs 423.95 against the previous close of Rs 383.85 on BSE. The stock was the top gainer on BSE. Total 7.75 lakh shares of the firm changed hands amounting to a turnover of Rs 32.06 crore on BSE.
Shares of Suzlon Energy rose 3 per cent in early deals after the company said its board approved conversion of 16,20,352 partly paid-up equity shares of the company, having a face value of Rs 2 each, to fully paid-up equity shares on receipt of first and final call aggregating to Rs 40,50,880. The stock climbed 3.17 per cent to hit a high of Rs 28.60 on BSE.
Shares of Zomato climbed nearly 3% to a fresh 52-week high of Rs 113.25 in early deals. Zomato's market cap rose to Rs 97,101 crore. Total 43.99 lakh shares of the firm changed hands amounting to the highest turnover of Rs 49.31 crore in morning trade.
Shares of Kalyan Jewellers climbed 2% to a fresh 52-week high of Rs 277.50 in early deals. Kalyan Jewellers’ market cap rose to Rs 28,470 crore. Total 1.73 lakh shares of the firm changed hands amounting to a turnover of Rs 4.74 crore on BSE.
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