Produced by: Aseem Thapliyal Designed by: Mohsin Shaikh
The domestic equity market was trading on a flat note on Tuesday. Sensex fell 19 points to 69,909 and Nifty gained 7 points to 21,000 mark.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, " The fundamental factor supporting the rally which has taken the market to record highs is the series of positive news: Q3 GDP growth rate of 7.6%, CPI inflation falling to 4.87%, Manufacturing PMI rising to 56, Brent crude declining to $76 and FPIs turning buyers aided by correction in US 10-year bond yield to 4.23%. This positive economic news is being strengthened by expectations of political stability after the 2024 General elections. Since these positive developments are mostly in the price, the market is likely to wait for incoming crucial data before making further moves. Therefore, the market will be keenly watching the inflation print from the US tonight and the Fed’s message on Wednesday.”
Shares of Safari Industries rose 12.56% to a high of Rs 2215.85 as they turned ex-bonus from December 12, 2023. The firm declared a bonus issue in the ratio of 1:1. Market cap of the firm rose to Rs 10,345 crore.
Shares of Equitas Small Finance Bank rose over 9% to a 52 week high of Rs 103.90. Market cap of the bank rose to Rs 11,669 crore. The firm saw 8.09 lakh shares changing hands amounting to a high turnover of Rs 8.21 crore on BSE.
Shares of Equitas Small Finance Bank rose 9.42% to a 52 week high of Rs 1380.95. Market cap of the firm rose to Rs 4944.76 crore. The firm saw 0.43 lakh shares changing hands amounting to a turnover of Rs 4944.76 crore on BSE.
Shares of Titagarh Rail Systems fell 4% to Rs 1020.15. Market cap of the firm fell to Rs 13,009 crore. The firm saw 0.40 lakh shares changing hands amounting to a turnover of Rs 4.12 crore on BSE. Earlier, the stock hit a record high of Rs 1073.65 on BSE.
Shares of YES Bank extended their gains on Tuesday as the private lender rose 7 per cent to Rs 21.70 on BSE.to during the trading session on Tuesday, bringing its total market capitalisation close to Rs 62,500 crore. The stock has gained about 10 per cent in the last two sessions.
Indian Renewable Energy Development Agency Ltd (IREDA) shares continued their strong upward move for the third straight session in Tuesday's trade. The stock soared 20 per cent to hit its lifetime high of Rs 102.02.
Shares of IRFC rose 5.30% to a high of Rs 86.56 in early deals. A total of 127.24 lakh shares of the firm changed hands amounting to a turnover of Rs 107.55 crore. Market cap of the firm rose to Rs 1.09 lakh crore.
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