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According to the stockedge.com data, on September 11, six stocks from the Nifty200 pack appeared in the RSI Trending Up scan.

Varun Beverages shares up 5.23% as Nifty gains

Updated at : 2024-09-12 10:50:02

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A total of 195,336 shares changed hands on the counter till 09:59AM (IST).

Varun Beverages shares rose by 6% to an intra-day high of Rs 665.65 on BSE as the stock began trading on an ex-split basis. The record date for the 2:5 stock split was September 12, 2024. The company reported a profit after tax of Rs 1,261.83 crore for Q2 FY24, up by 26% YoY.

Indian equity benchmark indices ended lower on Wednesday in a volatile session, impacted by declines in auto, metal, and banking stocks. The BSE Sensex fell 398 points to close at 81,523, while the NSE Nifty dropped 122 points to settle at 24,918. The market capitalisation of all listed companies on BSE declined by Rs 2.47 lakh crore to Rs 461.02 lakh crore.

Jonathan Barratt, CIO of Probis Securities, discusses the recent decline in crude oil prices, attributing it to high interest rates and slowing economies. He further notes that while geopolitical concerns and natural events like Hurricane Francine may support crude prices, he expects high volatility to continue without a drastic fall.

Whether it is crude or it is base metals, etc, which are heavily traded in the financial space, also there are futures, etc. So, demand does not really swing that much. But because of these financial instruments and people hedging, selling, the volatility actually increases.

​We have had good monsoons. Sowing data has been pretty strong. The concern there is that the rural terms of trade overall remain low relative to historical standards. The other thing, of course, is sort of even within two-wheeler sales, which are doing for instance better, it is the higher end that is doing better than the entry-level model, so that is why we are seeing that the growth signals are somewhat mixed.

​Geopolitical risks remain and from that construct when you look at our markets, it is possible that we do see some near-term volatility simply because we have outperformed in a big way.

State-owned BEML and Garden Reach Shipbuilders (GRSE), along with 74 other companies, are expected to be in the spotlight today as they have designated September 13 as the record date for identifying shareholders eligible for dividend payments.

Seven stocks, including Aarti Industries and Bandhan Bank, are under F&O trade ban due to high open interest. The ban is lifted only if the open interest falls below 80%. Indian equity indices ended lower on Wednesday amid volatility, influenced by auto, metal, and banking stocks ahead of key US inflation data.

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