It is a flat session for the markets. The Nifty and the Sensex are flat but trading in the green. The cut in the small and mid-caps is, however, deeper. The BSE Midcap Index, the BSE Small Cap Index and the Nifty Midcap 100 are under selling pressure in afternoon trade.
However, there are several big buzzers in trade today. Here is a quick look at all the movers and shakers this afternoon –
BSE
The BSE share price along with a few other broker stocks like Angel One are down sharply in trade today. The stocks have fallen as much s 7% in intra-day tradeafter the SEBI Chairman Tuhin Kanta Pandey indicated that the market regulator is planning to increase tenure of equity derivatives. According to the Chaorman, SEBI will endeavour to create a regulated platform for information on pre-IPO firms to improve transparency.
Ola Electric
The Ola Electric share price is down significantly in trade today. The share price has fallen 7% after the sharp 25% run-up in the last two days. The shares had rallied on the back of its Vision 2025 plan. The run-up was on the back of the electric two-wheeler maker’s plan to integrate 4680 Bharat Cell, India’s first indigenously developed Lithium-ion cell, into Ola Electric vehicles.
Nazara Tech
The Nazara Tech share price extended losses after the sharp 7% slide yesterday. This is even as the Online Gaming Bill is being tabled in the Parliament. Most analysts believe that this bill could impact Nazara Tech’s Rs 830 crore investment in PokerBaazi and the company may have to write-off the investment. The revenue contribution from Poker Baazi also contributed significantly to the company’s overall valuation. As a result, the Nazaea Tech price target has also been revised lower.
Jupiter Wagons
The share price of Jupiter Wagon has seen a sharp upmove in trade today. The shares are up over 5% on the back of Rs 215 crore order win from Vande Bharat. The orders are for wheelsets that would be used by Vande Bharat train and the order will be executed by a subsidiary of Jupiter Wagons.
Max Healthcare
The Max Healthcare share price is up 2% on hopes of Nifty inclusion during the next Index rejig in September. As per Nuvama Alternative & Quantitative Research, Max Healthcare and Indigo (InterGlobe Aviation) may be included in the Nifty in place of IndusInd Bank and Hero MotoCorp.