The CNX Nifty logo is displayed on a glass wall at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Live: Sensex, Nifty Up 1% Led By ICICI Bank, HDFC & RIL
Aiding The Nifty Recovery
Stock Update: Mahindra & Mahindra Financial Services
- Top gainer on BSE Midcap Index
- Locked in a 10 percent upper circuit
- Up for the second day in a row
- Up 33 percent from 52-week low of Rs 128.45 on April 7, 2020
- Volumes are 0.9 times higher than its 30-day average
- Trades at 6.4 times estimated forward EPS as compared to two-year historical average of 13 times
- 28 out of the 38 analysts tracking the stock have a buy recommendation with 3 sell calls
- Return potential for the stock as per Bloomberg data is 83.1 percent
Markets At Noon
- Benchmark indices fluctuate between gains and losses
- Nifty up 0.5 percent at 8,976
- Nifty futures trade at a premium of 33 points
- Sensex up 0.5 percent at 30,533
- Nifty Bank up 0.8 percent at 19,197
- Nifty Midcap Index up 0.8 percent
- Nifty Smallcap Index up 1.5 percent
- India Volatility Index down 4.7 percent to 47.4
- Nifty Auto and Nifty I.T. are the only sectoral laggards and both are off their day's low
- Nifty Metal, Pharma, Media and Realty index gain over 1 percent
- Vedanta remains the top Nifty gainer; up 6.1 percent
- Tech Mahindra is the top Nifty laggard; down 4 percent
- 1,141 stocks trade with gains while 544 are trading with losses
Stock Update: Hexaware Technologies
- Falls as much as 6.8 percent to Rs 270
- Snaps five-day gaining streak
- Had gained 31 percent during the five sessions before today
- Worst performer on the Nifty 500 index
- Volumes are 1.3 times higher than its 30-day average
- Has bounced 35 percent from 52-week low of Rs 202 on March 23, 2020
- 14 out of the 27 analysts tracking the stock have a buy recommendation with 2 sell calls
- Return potential of the stock as per Bloomberg data is 20.1 percent
Stock Update: Symphony
- Locked in a 10 percent upper circuit
- Among top 3 gainers on the Nifty 500 index
- Biggest single-day move since January 5, 2018
- Up for the second straight day
- Today's volumes are 3.7 times higher than its 30-day average
- Up for 7 out of the last 8 trading sessions
- Up 25 percent in the last 8 trading sessions
- Up 41 percent from 52-week low of Rs 690 made on March 16, 2020
- 4 out of the 8 analysts tracking the stock have a buy recommendation
- Return potential for the stock as per Bloomberg data is 41.7 percent