Indian equity benchmarks were trading marginally higher today. The 30-share BSE Sensex rose 33 points to 64,604 and Nifty gained 5 pts to 19,286.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near-term. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation. An important feature of the near-term market is the weakness of the broader market. On Monday, when the Nifty corrected by 1.3 percent, Nifty smallcap crashed 3.9 percent. Since the valuations in mid and small cap space are higher than that of large caps, this weakness is likely to persist. Safety is now in large caps particularly in banking majors which are fairly valued."
Shares of JSW Energy slipped 4.73% to Rs 359.20 in early deals. The stock was among the top losers on BSE. Market cap of the firm fell to 59,076 crore.
Shares of tech firm NIIT Ltd gained 10% to Rs 119.80 in early deals. Market capitalisation of the firm rose to Rs 1570 crore. Total 1.18 lakh shares changed hands amounting to a turnover of Rs 1.37 crore. The stock was among the top gainers on BSE.
Shares of Jio Financial Services rose nearly 2% to Rs 211.75 in early deals. Market capitalisation of the firm rose to Rs 1.33 lakh crore. Total 15.59 lakh shares changed hands amounting to a high turnover of Rs 32.69 crore.
Shares of Zomato slipped 0.64% to Rs 108.20 in early deals. Market capitalisation of the firm fell to Rs 93,272 crore. Total 23.38 lakh shares changed hands amounting to a high turnover of Rs 25.15 crore.
Shares of Delta Corp zoomed 8% to Rs 140.70 in early deals after the Goa Bench of Bombay High Court restrained tax authorities from passing any final order on the Rs 16,195-crore GST notice issued to the casino operator. Market capitalisation of the firm stood at Rs 3,594.83 crore. Total 7.56 lakh shares changed hands amounting to a high turnover of Rs 10.37 crore.
Shares of Jaiprakash Power Ventures Limited gained over 2% to Rs 9.14 in early deals. Market capitalisation of the firm rose to Rs 6161.26 crore. Total 173.33 lakh shares changed hands amounting to a high turnover of Rs 15.55 crore.
Shares of Bajaj Consumer Care gained over 12% to Rs 255.95 against the previous close of Rs 225.50 on BSE. Market capitalisation of the firm climbed to Rs 3681.85 crore. Total 0.85 lakh shares changed hands amounting to a turnover of Rs 2.13 crore. The stock was the top gainer on BSE.
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