The total market capitalization of Vodafone Idea briefly topped Rs 90,000 crore mark on Thursday at a price of Rs 13.50, after the listing of its recently issued securities.
PSU shares: SBI, BPCL, Bank of Baroda, ONGC, IOCL and Bharat Electronics have seen a decrease in positioning over the last few years. They can see resumption in buying interest, Elara said.
Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts pegged the gross market borrowing to be a little over Rs 15 lakh crore.
Adani Wilmar shares were up 0.24 per cent at Rs 358.50, as the Adani group firm was expected to report a muted set of quarterly earnings, with revenue falling in double-digits and Ebitda tumbling over 50 per cent.