Produced by: Aseem Thapliyal
The domestic equity market was trading higher on Thursday. Sensex rose 796 points to 73,792 and Nifty gained 248 pts to 22,372. Market cap of BSE-listed firms rose to Rs 387.04 lakh crore.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said," The upward directional move expected from early April has been confirmed by the strong 119 pts rally in Nifty yesterday. The primary catalyst for the ongoing rally is the huge liquidity flows into the market. DIIs have pumped in a massive Rs 24,373 crores during the last seven trading days imparting resilience to the market. Since flows into the market continue and are showing no signs of slowdown, a scramble for high quality stocks with good growth prospects is likely. This was evident in the spurt in Reliance stock yesterday."
Shares of Reliance Industries were trading flat at Rs 3,004 in early deals. The stock clocked a high turnover of Rs 35.65 crore on Thursday after 1.19 lakh shares changed hands on BSE. Market cap of Reliance Industries stood at Rs 20.31 lakh crore.
Shares of Suzlon Energy gained 3.19% to Rs 39.78 today. Market cap of the firm climbed to Rs 53,182 crore on BSE. A total of 23 lakh shares of the firm changed hands amounting to a high turnover of Rs 9.04 crore on BSE.
Shares of VIP Industries Ltd soared 11.64 per cent to hit a high of Rs 519.80 on BSE. Brokerage Prabhudas Lilladher (PL) has upgraded its rating to 'Buy' from earlier 'Hold'. It has also revised its target price to Rs 603 from Rs 589 previously. Market cap of the firm climbed to Rs 7558 crore.
Shares of Century Textiles zoomed 12.10% to their 52 week high of Rs 1685 in early deals. Market cap of the firm stood at Rs 18,522 crore. A total of 0.71 lakh shares of the firm changed hands amounting to a turnover of Rs 11.65 crore on BSE.
Shares of HDFC Bank gained over a percent to Rs 1459 against the previous close of Rs 1440.70 on BSE. A total of 3.87 lakh shares of the bank changed hands amounting to a high turnover of Rs 56.21 crore on BSE. Market cap of the lender rose to Rs 11.05 lakh crore.
Shares of Dixon Technologies (India) hit their 52 week high of Rs 7563.30 Total 2269 shares of the firm changed hands amounting to a turnover of Rs 1.69 crore on BSE. Market cap of the lender rose to Rs 44,843 crore.
Shares of Inox Wind slipped 4.25% to Rs 508.40 against the previous close of Rs 531 on BSE. The green energy stock was the top loser on BSE today. Market cap of the firm fell to Rs 16,699 crore.
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