Produced by: Aseem Thapliyal
The domestic equity market was trading higher in the afternoon session today. Sensex rose 307 points to 74,045 and Nifty gained 90 pts to 22,457.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The ability of bull markets to climb all walls of worries is being demonstrated by the ongoing bull market, which has shrugged off all headwinds, be it geopolitical or economic. The Middle East tensions had only a temporary impact on the market. The scaling down of rate cuts by the Fed from six at the beginning of this year to three or perhaps two or even lower also has not impacted the bull run. So, it makes sense to remain invested in this market and continue investing by buying the dips.”
Shares of Tata Consumer Products slipped over 5% to Rs 1109.35 against the previous close of Rs 1173.25 post Q4 and FY24 earnings. Tata Consumer Products market cap fell to Rs 1.07 lakh crore. Total 2.63 lakh shares of Tata Consumer changed hands amounting to a turnover of Rs 29.51 crore on BSE
Shares of Tejas Networks hit a fresh 52 week high on Wednesday. Tejas Networks shares rose 4.42% to Rs 1135 on BSE. Market cap of the firm rose to Rs 18,326 crore. Total 1.79 lakh shares of Tejas Networks changed hands amounting to a turnover of Rs 19.39 crore on BSE
Vodafone Idea shares slipped over 8% to Rs 13.27 despite Nuvama raising Vodafone Idea's price target, upgrading it to ‘Hold’ rating, as it sees the company finally becoming a ‘going concern’. Market cap of the firm fell to Rs 66,859 crore.
Shares of Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity derivatives exchange, slipped over 5% in early trade today after it announced March quarter earnings. Net profit came at Rs 87.8 crore during the January-March quarter of FY24 against Rs 5.45 crore in Q4 OF FY23.
Shares of Data Patterns zoomed 11.12 percent to their record high of Rs 3210. Total 1.03 lakh shares of Data Patterns changed hands amounting to a turnover of Rs 32.10 crore on BSE. The market cap of the firm climbed to Rs 17,500 crore.
Cochin Shipyard stock rose 5.59% to hit a record high of Rs 1322 in early deals today. Total 5.47 lakh shares of Cochin Shipyard changed hands amounting to a high turnover of Rs 70.47 crore on BSE. The market cap of the firm climbed to Rs 33,863 crore.
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