Daily Snippets
Date: 13th September 2022 | |
The Markets Today in a nutshell |
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- Domestic benchmark indices ended on a positive note.
- Sustained FII buying amid positive global cues propelled the Indian stock market higher as investors seem to have taken the uptick in inflation and lower IIP numbers in their stride.
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| Day Leader Board Nifty 50 Top Gainers | Stock | Change (%) | | BAJAJFINSV | ▲ 4.70% | | TATACONSUM | ▲ 2.90% | | INDUSINDBK | ▲ 2.20% | | BRITANNIA | ▲ 2.20% | | BHARTIARTL | ▲ 1.90% |
| Nifty 50 Top Losers | Stock | Change (%) | | SHREECEM | ▼ -0.90% | | CIPLA | ▼ -0.70% | | EICHERMOT | ▼ -0.50% | | DIVISLAB | ▼ -0.50% | | BPCL | ▼ -0.50% |
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Capital Flows | Title | Latest | MTD | YTD | | FPI (US mm) | 285.7 | 64.5 | -65 |
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News you could use
?Vedanta share price rallies as the company announced semiconductor plant
The stock price went up after chairman Anil Agarwal announced that the Vedanta-Foxconn semiconductor plant would be set up in Gujarat. Vedanta’s landmark investment of Rs 1.54 lakh crore will help make India’s Aatmanirbhar Silicon Valley a reality,” he said. ?Bajaj Finserv stock price jumped as the stock turned ex-spit and issued bonus shares
The firm was also trading ex-bonus that was announced in the ratio of 1:1. Each share of Bajaj Finserv having a face value of Rs 5 will be split into five shares with a face value of Re 1 each.
?Titan stock rallies on foreign brokerage optimism
The share ended in the green after JPMorgan maintained the “overweight” rating on the stock with a target price of Rs 2,800 apiece. The brokerage described CaratLane as a “diamond in the making”. JPMorgan also said CaratLane brings high technology capability that can be leveraged by Titan Company. |
News from the IPO world?
- Smaller Indian banks join big fat IPO party.
- Sachin Bansal led Navi Technologies gets SEBI approval to launch IPO.
- Ramdev to launch IPO to Patanjali brands soon.
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Numbers? that matter | Indices Name | Latest | % 1D | % YTD | | Dow Jones | 32,381 | 0.7 % | (10.9) % | | 10 Year Gsec India | 7.1 | -1.00% | 10.30% | | WTI Crude (USD/bbl) | 88 | 1.10% | 14.00% | | Gold (INR/10g) | 51,225 | -0.10% | 5.30% | | USD/INR | 79.5 | -0.10% | 6.90% |
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