Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading lower in early deals today. The 30-share BSE Sensex pack fell 537 points to 66,263, while the NSE Nifty lost 148 points to 19,753.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “For Nifty the biggest drag will be more FII selling in response to the rising dollar and US bond yields. The dollar index above 105 and the US 10-year bond yield at 4.39% suggest continued FII selling which has touched Rs 13,925 crore so far in September. But DII plus retail buying is likely to support the market on declines.”
Shares of Apollo Tyres fell over 3% to Rs 367.30 today after the tyre manufacturer announced the temporary cessation of bias off-the-road (OTR) tyre production at its manufacturing facility located in Limda, Gujarat. Total 0.68 lakh shares of the firm changed hands amounting to a turnover of Rs 2.50 crore on BSE.
Shares of SJVN Ltd tanked 10% in early deals after the government said it would sell up to 4.92 percent stake in the state-run hydroelectric power generator through an Offer for Sale (OFS). SJVN shares fell 10.05% to Rs 73.53 on Thursday against the previous close of Rs 81.75 on BSE. The crash in the stock comes after it hit a record high of Rs 83.69 in the previous session.
KPIT Tech shares fell 5.65% to Rs 1065 in early deals today. The stock ended at Rs 1128.85 on Wednesday. Market capitalisation of the firm fell to Rs 29,659 crore.
KIOCL shares rose to a 52-week high of Rs 354, gaining over 14% in early deals. Total 2.56 lakh shares of the firm changed hands amounting to a turnover of Rs 8.69 crore on BSE. Market cap of the firm rose to Rs 21,207 crore.
Shares of EMS made a strong debut listing at Rs 282.05, a premium of 34 per cent on the National Stock Exchange (NSE), against its issue price of Rs 211. Similarly, the stock kicked off its maiden trading session with a premium of 33% at Rs 281.55 on BSE.
Shares of Electronics Mart India rose over 4% to high of Rs 151 in early trade Total 97.14 lakh shares of the firm changed hands amounting to a high turnover of Rs 139.67 crore on BSE. Market cap of the firm rose to Rs 5767 crore.
Shares of EKI Energy Services rose 14.34% to Rs 717.85 in early trade. The stock was the among the top BSE gainers today. Total 11.99 lakh shares of the firm changed hands amounting to a high turnover of Rs 81.77 crore on BSE. Market cap of the firm rose to Rs 1873.78 crore.
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