The Sensex and Nifty are showing little movement due to market volatility

Shares of KIOCL Ltd surged more than 5 per cent, whereas Kirloskar Pneumatic Co Ltd and Kirloskar Ferrous Industries Ltd stocks jumped around 3 per cent each.

 The company is the leader in the domestic foundry-grade pig iron space with a market share of 40-42 per cent.     

At noon on Monday, the headline equity indices, i.e. Sensex and Nifty 50 are trading marginally higher amidst extreme volatility & recession fears. 

On the other hand, Asia Pacific markets are seen giving mixed signals with Japan’s Nikkei 225 trading lower by 1.16 per cent while Shanghai climbing 0.29 per cent. 

At the time of market closing on Monday, the headline equity indices, i.e. Sensex and Nifty 50 plunged over a per cent each, owing to the rising inflation fears in the US markets.  

 At the time of Monday’s closing bell, the markets tanked, owing to the heavy sell-off prompted by Fed Chairman’s comments on inflation on Friday.  

With a market share of 40–42 per cent, the company dominates the domestic foundry grade pig iron industry. 

The shares of Suven Life Sciences soared 12.48 per cent. The company’s board is scheduled to meet on June 24 to consider a proposal of raising funds by way of the issue of equity shares.

On Monday, the headline equity indices i.e. Sensex and Nifty ended higher by almost 2 per cent.

The stock has been gaining for the past five consecutive sessions, and has gained over 25.75 per cent.