A monitor shows charts while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
Live: Sensex, Nifty Fluctuate; HDFC, Axis Bank Among Top Gainers
Stock Update: RITES
- Among the worst performers on the Nifty Smallcap Index
- Fell as much as 6.3 percent to Rs 229.45
- Down for the third straight day
- Down 10 percent in the last three sessions
- The stock has declined in 6 out of the last 7 trading sessions
- Today's volumes are 2.9 times higher than its 30-day average
- The last 7 sessions has seen the stock fall below its 50-day Moving Average of Rs 267.21
- All 7 analysts tracking the stock have a buy recommendation
- Return potential of the stock as per Bloomberg data is 43.7 percent
Stock Update: Tata Motors
The company will hold a board meeting on May 5, 2020 where it will consider offering rated, listed, unsecured, redeemable Non-Convertible Debentures (NCDs) worth Rs 1,000 crore in three tranches.
The board of directors had passed a resolution for the same at its previous board meeting on March 27.
Shares are trading with gains of 1.4 percent at Rs 76.30 and are up for the second straight day.
Stock Update: RBL Bank
- Second best performer on the Nifty Bank index
- Gains as much as 9.6 percent to Rs 127.90
- Adds on to Monday's gains of 8.9 percent
- Up for the fourth straight day
- Longest winning streak since November 2019
- Up 17 percent in the last 4 sessions
- BNP Paribas Arbitrage bought 1.18 percent stake at Rs 112.75 per share
- Today's volumes are 2.5 times higher than its 30-day average
- 19 out of the 29 analysts tracking the stock have a buy recommendation; 7 sell calls
- Return potential of the stock as per Bloomberg data is 101 percent
Nifty Bank: Top Sectoral Gainer
Markets At Noon
- Benchmark indices continue to fluctuate between gains and losses
- Nifty up 0.5 percent to 9,325
- Sensex up 0.5 percent to 31,892
- Nifty Bank up 2 percent to 20,482
- Nifty Midcap Index up 0.6 percent
- Nifty Smallcap Index up 0.3 percent
- India Volatility Index down 3.7 percent to 36.63
- Nifty Pharma Index remains top sectoral laggard; down 1.5 percent
- Nifty FMCG is the other sectoral laggard; down 1 percent
- IndusInd Bank remains top Nifty gainer; up 9.9 percent
- NTPC is the top Nifty laggard; down 2.7 percent
- 885 stocks on the NSE are advancing while 812 trade with losses