stock talk

The stock touched its lower price band on both BSE and NSE as the bourses revised the lower circuit limit for the company.

In compliance with the state government's decision, the NSE issued a circular stating that the currency derivative segment will also remain closed on January 22. Additionally, the Reserve Bank of India (RBI) has declared that money markets will be closed on the same day.

The 30-share BSE Sensex surged by 657.45 points to reach 71,844.31 in early trade, indicating a strong start. The Nifty also showed a notable increase, rising by 194.75 points to 21,657.

The decline in the PSX was attributed to the escalating tensions between Pakistan and Iran. In response to an air strike conducted by Iran, Pakistan's armed forces carried out an early morning attack on terrorist hideouts in Iran's Sistan-o-Balochistan province. This development intensified the strain between the two countries.

NKSquared & Kamath Associates, ICICI Prudential MF & Plutus Wealth, including Nikhil Kamath, will increase their stake in Nazara through the preferential issue.

HDFC Bank, one of the Sensex firms, witnessed a nearly 6% decline following the release of its December quarter earnings.

The Nifty also touched an all-time intra-day high of 22,124.15 before closing at 22,032.30, down by 0.29%. Over the last five days, the BSE benchmark surged by 2.76%, gaining 1,972.72 points, while the Nifty jumped 2.71%, adding 584.45 points. Both indices had closed at record highs on Monday.

All these stocks reached new 52-week highs, with IRFC reaching these highs on substantial trading volumes.