Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading higher today. The 30-share BSE Sensex rose 333 points to 66,500 and Nifty gained 107 pts to 19,838.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The market scenario is changing fast. There is a risk-on mood in the market triggered by the hope that the Israel-Hamas conflict will not spread. President Biden’s upcoming trip to Israel and Jordan and the two US aircraft carriers sent to the Eastern Mediterranean is a clear message to Iran and Hezbollah not to intervene in the war. The market hopes that the war will remain localised, and this is the reason why the market remains hopeful. Capital goods and autos continue to be on a strong wicket."
Shares of Cyient DLM zoomed over 8% in early trade after the industrial products firm reported its quarterly earnings for the first time since listing on bourses. Cyient DLM shares rose 8.62% to Rs 748 against the previous close of Rs 688.60 on BSE. Cyient DLM market cap climbed to Rs 5630.73 crore. Cyient DLM reported a 105.63% rise in quarterly profit to Rs 14.6 crore in the second quarter of the current fiscal against Rs 7.1 crore in the year ago period. The company logged a profit of Rs 5.26 crore in the June quarter.
Shares of Grasim Industries Ltd approached their record high in early deals today after the board cleared raising of Rs 4,000 crore via rights issue. The record date for the same will be announced later. Grasim Industries stock rose 2.43% to Rs 2020 in early deals against the previous close of Rs 1972 on BSE. Grasim shares opened higher at Rs 2003.80 today. Market cap of the firm rose to Rs 1.30 lakh crore.
Shares of KEC International gained 5% to Rs 685 in early trade after firm said it won orders worth Rs 1,315 crore. Market cap of the firm rose to Rs 17,071 crore. Total 0.27 lakh shares changed hands amounting to a turnover of Rs 1.84 crore on BSE.
Shares of Gensol Engineering hit an upper circuit after the stock turned ex-bonus today. The company had announced a bonus issue in 2:1 ratio. The stock rose 10% to Rs 880.95 on BSE. Market cap of the firm rose to Rs 3336 crore.
Shares of VA Tech Wabag rose over 9% to Rs 487.90 after the firm said it has joined hands with Pani Energy Inc to implement applied AI for treatment plants. Market cap of the firm rose to Rs 3020 crore.
Shares of RVNL zoomed over 4% to Rs 173.80 against the previous close of Rs 166 on BSE. Total 20.38 lakh shares changed hands amounting to a high turnover of Rs 34.39 crore. Market cap of the firm rose to Rs 35,904 crore.
Shares of IRFC zoomed over 4% to Rs 80.44 against the previous close of Rs 76.29 on BSE. Total 51.48 lakh shares changed hands amounting to a high turnover of Rs 40.69 crore. Market cap of the firm rose to Rs 1.03 lakh crore.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.