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MARKET LIVE: Indices range-bound; YES Bank zooms 16%, Tata Motors up 8%
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SI Reporter |
Last Updated at September 11, 2019 14:49 IST
EVENT HIGHLIGHTS
Benchmark indices continued to trade higher in Wednesday's noon trade, lifted by gains in public sector banks and metal stocks.
The S&P BSE Sensex was up 187 points, or 0.5 per cent, at 37,330 levels. YES Bank, Tata Motors, Vedanta, Tata Steel, and IndusInd Bank were the top gainers in the Sensex pack. The broader Nifty50 index was hovering around 11,030 levels, up 30 points, or 0.27 per cent.
All the Nifty sectoral indices, except Nifty IT and Nifty FMCG, were trading in the green. Nifty Realty index was up 2.9 per cent, while Nifty PSU Bank, Nifty Metal, and Nifty Auto indexes were all up nearly 2 per cent.
In the broader market, the S&P BSE MidCap index climbed 94 points, or 0.7 per cent, to 13,590 levels, and the S&P BSE SmallCap index surged 152 points, or 1.2 per cent.
BUZZING STOCKS
Shares of Reliance Nippon Life Asset Management slipped up to 4 per cent to Rs 274.5 on the NSE on Wednesday after the company informed the exchanges that it would sell up to 3.15 per cent of equity shares for over Rs 505 crore on stock exchanges through 'Offer for Sale' route on September 11 and 12. READ MORE
The S&P BSE Sensex was up 187 points, or 0.5 per cent, at 37,330 levels. YES Bank, Tata Motors, Vedanta, Tata Steel, and IndusInd Bank were the top gainers in the Sensex pack. The broader Nifty50 index was hovering around 11,030 levels, up 30 points, or 0.27 per cent.
All the Nifty sectoral indices, except Nifty IT and Nifty FMCG, were trading in the green. Nifty Realty index was up 2.9 per cent, while Nifty PSU Bank, Nifty Metal, and Nifty Auto indexes were all up nearly 2 per cent.
In the broader market, the S&P BSE MidCap index climbed 94 points, or 0.7 per cent, to 13,590 levels, and the S&P BSE SmallCap index surged 152 points, or 1.2 per cent.
BUZZING STOCKS
Shares of Reliance Nippon Life Asset Management slipped up to 4 per cent to Rs 274.5 on the NSE on Wednesday after the company informed the exchanges that it would sell up to 3.15 per cent of equity shares for over Rs 505 crore on stock exchanges through 'Offer for Sale' route on September 11 and 12. READ MORE
YES Bank shares zoomed 8 per cent to Rs 68 apiece in early morning trade on the BSE on Wednesday, on reports that the private lender's co-founder Rana Kapoor was in talks with One97 Communications, owner of Paytm, to sell his stake. READ MORE
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