Sensex surged 256 points or 0.35% to hit an all-time high of 67,774, while Nifty added 70 points or 0.34% to scale a fresh peak of 20,173 in early deals on Friday.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The participation of bluechips like Infosys, RIL, L&T, HDFC Bank and ICICI Bank has imparted resilience to the ongoing rally. Even though the undercurrent of the market is bullish the high valuations and new risks like surging crude and rising dollar index can impact the market negatively. Brent crude at $94 is a major macro worry that the market cannot ignore for long. The rising dollar index which has breached 105 and the attractive US bond yields (10-year at 4.28%) will force the FIIs to sell aggressively soon.”
Shares of Sequent Scientific rose over 7% to Rs 96 today after the company’s board approved the sale of API facility in Thane. The market cap of the firm rose to Rs 2,339 crore.
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Shares of Restaurant Brands Asia rose 12.5% to hit a 52-week high of Rs 135.40 as a block deal worth Rs 1,494 crore took place on the exchanges. Around 12.54 crore shares or 25.4% equity changed hands in the block deal, reports said. The market cap of the firm rose to Rs 6,528 crore. A total of 26.05 lakh shares of the firm changed hands amounting to a turnover of Rs 34.86 crore on BSE.
Shares of Strides Pharma rose 8% to Rs 506 after its stepdown wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, received tentative approval for Dolutegravir 50mg tablets from the United States Food & Drug Administration (USFDA). The market cap of the firm climbed to Rs 4579 crore. A total of 2.46 lakh shares of Strides Pharma changed hands amounting to a high turnover of Rs 12.42 crore on BSE
Shares of IRFC saw high turnover in early deals today. A total of 45.26 lakh shares of IRFC shares changed hands amounting to a high turnover of Rs 36.25 crore on BSE. The market cap of the firm climbed to Rs 1.04 lakh crore.
Shares of RattanIndia Power Limited were among the top gainers on BSE today. RattanIndia Power stock rose 5% to Rs 7.14 in early deals. The market cap of the firm climbed to Rs 3,834.26 crore. A total of 510.14 lakh shares of the firm changed hands amounting to a high turnover of Rs 36.39 crore on BSE.
Shares of Adani Green Energy gained nearly 3% today as a report said TotalEnergies SE was in talks to invest in renewable energy projects developed by Adani Group firm. A total of 0.76 lakh shares of the firm changed hands amounting to a high turnover of Rs 7.55 crore on BSE. The market cap of the firm climbed to Rs 1.58 lakh crore.
Shares of UCO Bank were among the top gainers on BSE. The stock rose 9% to Rs 40.60 to hit a 52-week high in early deals. A total of 51.58 lakh shares of the firm changed hands amounting to a turnover of Rs 20.26 crore on BSE.
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