Produced by: Aseem Thapliyal
Designed by: Mohsin Shaikh
Indian equity benchmarks were trading lower in early deals today. The 30-share BSE Sensex fell 50 points to 65,972 and Nifty was flat at 19,678
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "There are two factors influencing the market trend now. On the positive side, the strength of the Indian economy, good corporate earnings trend and flows into the mutual funds, particularly SIPs, are supportive indicators. But the bulls are on the back foot since negative global cues are indicating caution. The US 10-year bond yield climbing to a 10-month high of 4.54 % and the dollar index spiking to 105.94 are headwinds for the market. This is getting reflected in the sustained FII selling which has taken the net FII sell figure in September, so far, to Rs 20,593 crore."
Apar Industries shares hit a record high of Rs 5801.20 in early deals after the firm said its board would meet to consider a proposal of fundraising on September 28. Total 6275 shares of the firm changed hands amounting to a turnover of Rs 3.53 crore on BSE. Market cap of the firm climbed to Rs 21,652 crore
EKI Energy Services shares plunged 10 per cent to hit a lower circuit limit at Rs 504.15 on Tuesday. They fell by a similar percentage on Monday and Friday. Market cap of the firm slipped to Rs 1387.18 on BSE
Shares of Delta Corp fell to a fresh 52 week low of Rs 134.55 today after investor Ashish Kacholia sold 15,00,000 shares in the company at an average price of Rs 144.65 via bulk deals. Market cap of the firm slipped to Rs 3790.30 crore. Total 25.87 lakh shares of the firm changed hands amounting to a turnover of Rs 36.03 crore on BSE
Shares of IFCI gained 11% to Rs 24.49 and approached a 52 week high of Rs 24.55 in early trade. Total 49.67 lakh shares of the firm changed hands amounting to a turnover of Rs 11.58 crore on BSE. Market cap of the firm climbed to Rs 6094.57 crore. The stock was the top gainer on BSE
Shares of Nuvama Wealth Management, erstwhile known as Edelweiss Securities, were listed on Tuesday and dealing in the stock began from Rs 2,750 on the National Stock Exchange (NSE), while the stock was admitted for trading on BSE at Rs 2699
Shares of Indiabulls Real Estate Ltd fell 2% in early deals today as Creditcorp Investment Advisors sold 30,95,129 shares of the firm in a bulk deal on Monday. The transaction was carried out at Rs 85.38 per share which valued the deal at Rs 26.42 crore. The stock slipped 2.09% to Rs 83.75 against the previous close of Rs 85.54 on BSE. Indiabulls Real Estate’s market cap fell to Rs 4602.67 crore
Shares of Cochin Shipyard gained 6.65% to Rs 1049 in early trade. Total 1.54 lakh shares of the firm changed hands amounting to a turnover of Rs 15.83 crore on BSE. Market cap of the firm climbed to Rs 13,798 crore
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