Live: Sensex, Nifty Fluctuate; HDFC, Axis Bank Among Top Gainers
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
Stock Update: Vaibhav Global
The company has informed the exchanges that it has partially resumed operations at its manufacturing units in Jaipur after approval from relevant authorities.
Production will be scaled to a normalised level in a phased manner based on government directives, it added.
The company's retail business in the U.K. is operating as usual supported by its global supply chain, the statement said.
Shares gained as much as 2.3 percent to Rs 980 and are up for the third straight day.
Stock Reaction: LT Foods
The company informed the exchanges on Monday that its Modern Trade segment has outperformed for the month of March and April as people stocked up due to the Covid-19 lockdown.
It also attributed its performance to consumer preference for packaged goods due to the safety aspect.
The company also informed of significant growth in its online sales on most of the e-commerce platforms, adding that it is equipped with a robust supply chain and has no shortage with respect to rice and paddy stock.
Shares gained as much as 8.4 percent to Rs 22.60, snapping a two-day losing streak.