Stocks below Rs 100: Only buyers seen in these scrips on August 2

The shares in Asia Pacific markets have plunged almost 3 per cent overall, owing to the rising geopolitical tensions between the US and China as US House Speaker Nancy Pelosi plans to visit Taiwan.

At 11 am on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally lower thereby, ending their consecutive gaining streak in the past five sessions.  

The shares in Asia Pacific markets have plunged almost 3 per cent overall, owing to the rising geopolitical tensions between the US and China as US House Speaker Nancy Pelosi plans to visit Taiwan.

As a result, Hong Kong’s Hang Seng index fell sharply by 2.56 per cent while Shanghai Composite also shed 2.53 per cent. Japanese Nikkei was also trading lower by 1.41 per cent.    

Following suit, Reserve Bank of Australia (RBA) also has increased interest rates for the fourth month in a row, raising its cash rate target by half a percentage point. RBA has now lifted its benchmark interest rate by 1.75 percentage points since its first rate rise in May, with the cash rate target sitting at 1.85 per cent.  

 The US stock futures were trading low on Tuesday morning. S&P 500 shed 0.28 per cent to 4,118.63 while Nasdaq Composite lost 0.18 per cent and closed at 12,368.98.  

Currently, Sensex is trading at 57,899.68, down by 215.82 points 0.37 per cent whereas Nifty 50 is trading at 17,268.45, up by 69.10 points 0.18 per cent. Meanwhile, Nifty Bank is up by 0.18 per cent at 37,834.10 level.  

The FIIs bought equity worth Rs 2,320.61 crore on Monday (August 1) while the DIIs sold equity worth Rs 822.23 crore.    

Crude oil is trading at $93.3 per barrel whereas the 10-year US Treasury yield is at 2.54 per cent.  

The Top Gainers in Nifty 50 pack are IndusInd Bank, SBI, ITC, Asian Paints, Divi’s Labs, and Tata Consumer Products. Meanwhile, the Top Losers pulling down the index are UPL, Hindalco Industries, Hero MotoCorp, ONGC, Eicher Motors, and HDFC.  

BSE Smallcap index is trading at 27,546.28, up by 0.33 per cent. The top gainers in the pack were Nazara Technologies (11.85 per cent), Triveni Turbine, Panacea Biotec, Venky’s (India), and Aarti Surfactants. Each of these stocks gained more than 8 per cent. Similarly, the top losers included Escorts Kubota, Steel Exchange of India, KBC Global, Birla Tyres, and Krsnaa Diagnostics.  

On the sectoral front, only BSE Power, BSE FMCG, BSE Utilities indices were trading in the green.   

The top market movers in terms of volume today are Zomato, ITC, Tata Motors, Reliance Industries, and Nazara Technologies.  

Following is the list of low-priced stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions: