Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Indian equity benchmarks were trading higher in early deals today. The 30-share BSE Sensex gained 128 points to 65,638 and Nifty rose 61 points to 19,584.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The ‘sell on rally’ market construct is likely to change in October. October is usually a favourable month, both for US and Indian markets. There are indications that this historical trend may play out this October too. The ‘triple whammy’ of up-trending dollar, US bond yields and Brent crude is showing signs of easing. If this trend continues, it will facilitate a recovery in markets. Stability in the US market yesterday also can be a supportive factor.”
Shares of The Phoenix Mills Ltd slipped over 2% in early trade after subsidiaries of the real estate firm received a show cause cum demand notice from GST authorities dated September 27. The company said it intends to contest the matter at an appropriate forum. Phoenix Mills stock slipped 2.59% to Rs 1802.55 on BSE. Market cap of the firm fell to Rs 32,284 crore.
Shares of Authum Investment & Infrastructure zoomed 20% to Rs 482.60 today. Market cap of the firm climbed to Rs 8034.52 crore. Total 52.84 lakh shares changed hands amounting to a turnover of Rs 211.31 crore on BSE.
Shares of Cochin Shipyard rose 5% to Rs 1118 in early deals. The stock was among the top gainers on BSE. Market cap of the firm stood at Rs 14,558 crore. Total 1.94 lakh shares of the firm changed hands amounting to a turnover of Rs 21.33 crore on BSE.
Shares of Navin Fluorine International fell 14.50% to Rs 3729 today. Market cap of the firm fell to Rs 18,819.53 crore. Total 0.53 lakh shares of the firm changed hands amounting to a turnover of Rs 20.39 crore. The stock was among the top losers on BSE.
Shares of MCX slipped over 9% to Rs 1914.60 today after market regulator SEBI imposed a temporary suspension on the planned launch of its new tech platform. Market cap of the firm slipped to Rs 9811.58 crore.
Shares of Delta Corp slipped 5.46% to Rs 133.10 in early deals. Market cap of the firm slipped to Rs 3647 crore. Total 8.32 lakh shares of the firm changed hands amounting to a turnover of Rs 11.38 crore.
Shares of Tube Investments of India fell 6.44% to Rs 2900 in early deals today. Total 21.69 lakh shares of the firm changed hands amounting to the highest turnover of Rs 630.36 crore on BSE. Market cap of the firm fell to Rs 58,116 crore.
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