DSIJ Mindshare

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.