By earn 
The equity market experienced a sudden up move on Friday’s closing, which was speculated to be a strategic move to hunt and kick in puts. However, today the market is down by 135 points, falling below the 21600 mark.
In recent market news, VST Industries witnessed a freeze in a 20% upper circuit as 3% equity changed hands. This development has garnered attention and could potentially impact the company’s future performance.
Another notable update is that Welspun Corp has won an order worth 1500 crores, which is equivalent to 10% of its market capitalization. This significant order is expected to contribute positively to the company’s financials and overall growth.
BEML, on the other hand, has signed contracts with the Ministry of Defence for the procurement of 56 Mechanical Minefield Marking Equipment (MMME) Mark II. The total cost of the contract is estimated to be 329 crores. This collaboration is a significant milestone for BEML and highlights its capabilities in the defense sector.
GAIL shares have also made headlines as they recovered from the day’s low after signing a long-term LNG deal with Vitol. This deal is expected to have a positive impact on GAIL’s future prospects and strengthen its position in the market.
These recent developments in the equity market and specific companies highlight the dynamic nature of the market and the potential for significant shifts in stock prices. Investors and market participants should closely monitor these updates to make informed decisions regarding their investments.
