Markets in the Asia-Pacific region were trading on a mixed note on Tuesday on lack of significant cues.
Share indices in Japan and Australia were largely trading flat. Markets in Hong Kong declined.
Brent crude was trading 0.04% lower at $73.53 a barrel. Gold was up 0.35% at $2,053.08 an ounce.
The GIFT Nifty was trading 0.06% higher at 21,423 as of 07:16 a.m.
Shares of JK Tyre and Industries Ltd. hit an all-time high on Thursday after its consolidated net profit jumped five times in the second quarter.
The company's profit increased to Rs 248.6 crore compared to Rs 49.6 crore in the year-ago period, according to an exchange filing on Wednesday. It also beat the consensus analyst estimates of Rs 203.4 crore.
JK Tyre's stock rose as much as 13.99% to Rs 351.25 apiece during the day. It pared gains to trade 8.47% higher at Rs 334.25 apiece compared to a 0.84% decline in the benchmark NSE Nifty 50.
Blue Dart Express climbed 2.55% to Rs 5493.80, extending its winning run to fifth consecutive trading session.Shares of Blue Dart rallied 18.5% in five trading days from its previous closing low of Rs 4636.65 on 4 March 2021. The counter hit a 52-week high of Rs 5,526.25 in intraday today. The counter is up 195% from its 52-week low of Rs 1860 posted on 17 August 2020.
In last one-month, Blue Dart added 19.37% compared with a 8.87% rise in S&P BSE Small Cap index.
On the technical front, the stock s RSI (relative strength index) stood at 79.354. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
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