Share Market News: In a flat market, shares of Sarveshwar Foods hit a 52-week high. See details here

News from the stock market: On Tuesday, February 27, shares of Sarveshwar Foods reached a new 52-week high. The counter jumped by about 5% in the first trading session to reach the upper circuit of Rs 14.99, which is also the stock’s 52-week high.

The market capitalization of Sarveshwar Foods’ shares is Rs 1,467, with a 52-week high of Rs 2.07. The last 11 days have seen gains for the srcip, which has increased by 62.23% during that time.

Tuesday’s trading session saw a weak start for the equity benchmark indices, which were tracking weak trends in the world market as well as new outflows of foreign funds. In early trading, the 30-share BSE Sensex fell 130 points to 72,660.13. A 36.4-point decline brought the Nifty to 22,085.65.

Subsequently, the benchmark indices gained back the ground they had lost in the beginning and were trading slightly higher. The Nifty traded 8.85 points higher at 22,135.60, while the 30-share BSE benchmark quoted 10.30 points higher at 72,800.43.

The biggest laggards among the Sensex companies were Axis Bank, Bharti Airtel, HDFC Bank, Larsen & Toubro, Bajaj Finance, ICICI Bank, and Reliance Industries. Among the winners were UltraTech Cement, HCL Technologies, Wipro, and Tata Consultancy Services.

Shanghai was quoted in the green while Seoul, Tokyo, and Hong Kong were trading lower in Asian markets.
Monday’s US market close was somewhat lower. According to exchange data, foreign institutional investors (FIIs) offloaded stocks on Monday worth Rs 285.15 crore.

On Monday, the BSE benchmark dropped 352.67 points, or 0.48 percent, to end the day at 72,790.13. The Nifty dropped to 22,122.05., down 90.65 points, or 0.41 percent. The F&O contract expiry is expected to cause volatility this week, according to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. The benchmark for global oil, Brent crude, fell 0.12% to USD 82.43 per barrel.