Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. The 30-share BSE Sensex slipped 385 points to 65,126 and Nifty lost 109 pts to 19,419.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “Global cues are negative for markets in the near-term. The sustained rise in the US bond yields, which has triggered continuous FII selling, is showing no signs of abating. The dollar index is now clearly above 107 and the US 10-year bond yield is at 4.83%. This means FIIs will continue to sell and the bulls will be on the back foot. On the positive side, valuations in some segments are becoming attractive and this may push DIIs and retail investors to buy stocks in such segments. An inevitable consequence of this complex situation is heightened volatility.”
Shares of Adani Wilmar gained 6% to Rs 353.90 on BSE. Adani Wilmar’s market cap rose to Rs 45,963 crore. Total 0.92 lakh shares of the firm changed hands amounting to a turnover of Rs 3.17 crore on BSE.
Shares of Axis Bank fell over 2.5% to Rs 1010 today. Market cap of the lender slipped to Rs 3.11 lakh crore. Total 8.07 lakh shares of the firm changed hands amounting to the highest turnover of Rs 82.24 crore on BSE.
Mangalore Refinery & Petrochemicals Ltd (MRPL) stock gained 7% to a 52 week high of Rs 103.40 on BSE. MRPL's market cap rose to Rs 17,929 crore. Total 10.43 lakh shares of the firm changed hands amounting to a turnover of Rs 10.51 crore on BSE.
Shares of HDFC Bank rose over 1% to Rs 1524.60 today. Market cap of the lender rose to Rs 11.56 lakh crore. Total 3.12 lakh shares of the firm changed hands amounting to a high turnover of Rs 47.31 crore on BSE.
Shares of Suzlon Energy hit a fresh 52-week high of Rs 28.25 in early deals. The stock opened higher at Rs 27.30 today. Market cap of the firm rose to Rs 38,318 crore.
Shares of Titagarh Rail Systems rose 5.10% to Rs 810 today after the firm inked a contract for design, manufacture, supply, testing, commissioning and training of 72 standard gauge cars for the Surat Metro Rail Phase I Project. The order value for this project is nearly Rs 857 crore. Market cap of the firm rose to Rs 10,033 crore.
Shares of YES Bank climbed nearly 2 per cent to Rs 17.46 after the private lender in its provisional business updates suggested a 9.5 per cent growth in advances and a healthy 17.2 per cent growth in deposits. Market cap of the bank rose to Rs 49,808 crore.
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