Market News: Balaji Telefilms Shares Reach New 52-Week High | See Important Information Here
Share Market News: On Wednesday, February 21, shares of Balaji Telefilms reached a new 52-week high. Today, the counter began 2.24 percent higher and reached a new 52-week high of Rs 140. Compared to the previous closing of Rs 136.78, this is a spike of 2.35 percent. With a market valuation of Rs 1,367 crore, Balaji Telefilms’ shares have dropped to Rs 35.30 during the last 52 weeks. The shares, however, gave up their early gains and were last seen trading at Rs 135.20.
Earlier, the official release date of Love, Sex aur Dhokha 2 was announced by Balaji Motion Pictures, a branch of Balaji Telefilms. The firm released a statement saying, “To further heighten the excitement, the makers have unveiled an incredibly captivating motion poster revealing the new release date, April 19, 2024.”
The main stock indexes, Sensex and Nifty, saw slight gains in early trading on Wednesday despite conflicting patterns in Asian markets and investors waiting for clues from the US Federal Reserve over the direction of interest rates.
The wider Nifty edged up 21.65 points, or 0.1 percent, to 22,218.60 points, while the 30-share Sensex increased 60.05 points, or 0.08 percent, to 73,117.45 points. Of the Nifty’s components, 29 were trading higher than the group of 17 firms in the Sensex. In early trades, Mahindra & Mahindra, Tata Steel, and Bharti Airtel all saw increases of more than 1%, but JSW Steel saw an increase of more than 2%.
Asian markets showed a mixed bag of results. The Nikkei 225 in Japan was trading almost flat, while the Hang Seng in Hong Kong and the SSE Composite Index in China both saw increases.
US equities closed down on Tuesday, according to Deepak Jasani, Head of Retail Research at HDFC Securities. Investors are awaiting Nvidia’s earnings announcement on Wednesday and more cues on interest rates from Federal Reserve officials after last week’s inflation statistics.
In an open letter released before to the market, he said, “US Fed officials will be speaking publicly, coupled with Wednesday afternoon’s release of minutes from the central bank’s January 30-31 meeting.” European markets ended the week in mixed shape. On Tuesday, the Sensex surged 349.24 points to finish at 73,057.40 points, while the Nifty gained 74.70 points to complete the day at 22,196.95 points, keeping both indexes in positive territory for the sixth consecutive session.
