Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. The 30-share BSE Sensex slipped 389 points to 65,438 and Nifty lost 133 pts to 19,505.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “There are mixed cues for the October series, which historically has been a good month for markets. The major negative for the near-term will continue to be the sustained FII selling, which touched Rs 26,689 crore in the cash market in September. But, on the positive side, the bulls will be emboldened to buy on the back of the tailwind of the 5% crash in Brent crude prices. Bullish DIIs and retail investors will lend support to the market.”
Shares of Kalpataru Projects International climbed 6.94% to Rs 677.50 in early trade. The company received power transmission and distribution orders worth Rs 552 crore in Indian and overseas markets and buildings and factories business orders worth Rs 464 crore in India. Market cap of the firm rose to Rs 10,598 crore.
Shares of Suzlon Energy rose over 4% in early deals to a high of Rs 26.92 on BSE. Market cap of the firm climbed to Rs 36,282.30 crore. Total 155.96 lakh shares of the firm changed hands amounting to a high turnover of Rs 41.32 crore on BSE.
Shares of Vedanta rose 4.42% to Rs 232.35 in early deals. The stock was among the top gainers on BSE. Market cap of the firm stood at Rs 84,529 crore. Total 12.13 lakh shares of the firm changed hands amounting to a turnover of Rs 27.69 crore on BSE. The rally in the stock came after the conglomerate announced the demerger of businesses into six listed companies.
Shares of IRFC clocked a high turnover in early deals with 30.58 lakh shares of the firm changing hands amounting to a turnover of Rs 23.61 crore. Market cap of the firm rose to Rs 1 lakh crore. The stock was trading at Rs 77 on BSE.
Shares of Federal Bank gained over 3% to a fresh 52-week high of Rs 152.25 today. Market cap of the bank rose to Rs 35,552.81 crore. Total 2.78 lakh shares of the firm changed hands amounting to a turnover of Rs 4.18 crore on BSE.
Shares of Authum Investment & Infrastructure zoomed 14% to Rs 549.95 in early deals. Market cap of the firm rose to Rs 9303 crore. Total 0.98 lakh shares of the firm changed hands amounting to a turnover of Rs 5.18 crore. The stock was the top gainer on BSE.
Shares of Rail Vikas Nigam Ltd (RVNL) gained 4.25% to Rs 176.60 today after the state-owned firm won an order worth Rs 1,098 crore from the Himachal Pradesh State Electricity Board. The order is to be executed within 24 months. Total 9.01 lakh shares of the firm changed hands amounting to a turnover of Rs 15.65 crore. Market cap of RVNL rose to Rs 36,216 crore on BSE.
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