Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. The 30-share BSE Sensex fell 265 points to 65,730 and Nifty lost 83 pts to 19,569 amid reports of Israel-Hamas conflict.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “"The Israel-Hamas conflict has introduced a huge uncertainty for the markets. Nobody knows how this war is going to evolve. From the market perspective, it is important to understand that even though the death and destruction are tragic, presently it is unlikely to cause major disruption in oil supplies thereby impacting major oil importers like India. But the situation will change if Iran, a major Hamas supporter, is drawn into the war. That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market.”
Shares of KPI Green Energy rose 2.44% to Rs 926 in early deals after the company said it received new orders of 4.20 MW for executing solar power projects under the captive power producer (CPP) segment. Market cap of the firm rose to Rs 3328 crore.
Shares of GOCL Corp zoomed to their 52-week high of Rs 536 in early deals after IDL Explosives, a wholly owned subsidiary of the company, won an order worth Rs 766 crore from Coal India for the supply of bulk explosives over a period of two years. Market cap of the firm rose to Rs 2566 crore.
Shares of technology company Vakrangee fell over 3% to Rs 16.42 in early deals despite the firm signing an arrangement with JK Cement to provide lead generation for the sale of grey cement through Vakrangee Kendra networks. Market cap of the firm fell to Rs 1768 crore.
Shares of MCX rose 5% to Rs 2139 today after the commodity bourse said that it has received the approval from SEBI tech panel to launch new web-based commodity derivatives platform (CPD) after several delays with the market regulator earlier. Market cap of MCX rose to Rs 10,840 crore.
Shares of Suzlon Energy slipped 5% to Rs 27.69 in early deals. The stock opened lower at Rs 28.11 today. Market cap of the firm fell to Rs 37,965 crore. Total 240.25 lakh shares of the firm changed hands amounting to the highest turnover of Rs 66.71 crore on BSE.
Shares of Tata Power slipped 3.18% in early deals to Rs 250.50 on BSE. The stock opened lower at Rs 250.80 today. Market cap of the firm fell to Rs 80,826 crore. Total 9.03 lakh shares of the firm changed hands amounting to a high turnover of Rs 22.90 crore on BSE.
Shares of Adani Power slipped 8.64% in early deals to Rs 333.35 on BSE. Market cap of the firm fell to Rs 1.35 lakh crore. Total 6.41 lakh shares of the firm changed hands amounting to a high turnover of Rs 22.33 crore on BSE.
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