Sensex climbs 337 points, Nifty ends at 10,941; Maruti jumps 4%
Benchmark indices were trading higher in Friday’s afternoon trade, lifted by bank and automobile stocks.
The S&P BSE Sensex was trading around 36,890 levels, up 250 points, or 0.68 per cent. Tech Mahindra, Axis Bank, Kotak Mahindra Bank, NTPC, and Reliance Industries were the top gainers in the Sensex pack. The broader Nifty50 index was hovering near 10,920 level, up 73 points, or 0.67 per cent.
Nifty sectoral indices were trading largely in the green. While Nifty Private Bank index was up 1.2 per cent, Nifty Pharma index was down 0.5 per cent..
In the broader market, the S&P BSE MidCap index climbed 50 points, or 0.37 per cent, at 13,330 levels, while the S&P BSE SmallCap index zoomed 55 points, or 0.44 per cent, higher to 12,550 levels.
Indiabulls Housing Finance crashed 9 per cent to Rs 406.20, hitting its fresh 52-week low, on the BSE on Friday on reports that a public interest litigation (PIL) has been filed against the company and its promoters in Delhi High Court on allegations of siphoning-off of funds.
Shares of Tech Mahindra (TechM) gained over 5 per cent to Rs 732 apiece on the BSE in the early morning deals on Friday, a day after the company announced a strategic and possibly largest-ever deal with leading American network operator AT&T.
Sun Pharma slipped up to 3.9 per cent to Rs 415 apiece on the BSE in the early morning trade on Friday after the drug-maker informed the exchanges about a forensic audit being undertaken by markets’ regulator Securities Exchange Board of India (SEBI).
Welspun Corp Ltd is quoting at Rs 128.5, up 2.96 per cent on the day on the NSE. The stock is down 28.53 per cent in last one year as compared to a 5.76 per cent fall in NIFTY and a 37.15 per cent fall in the Nifty Metal index. Welspun Corp Ltd rose for a third straight session today. The stock is quoting at Rs 128.5, up 2.96% per cent on the day as on 12:54 PM on the NSE.
Shares of Prabhat Dairy were locked in the upper circuit band of 20 per cent at Rs 78.15 apiece on the BSE on Friday, after the company said the promoters, including Sarangdhar Ramchandra Nirmal, and Vivek Sarangdhar Nirmal, were mulling purchasing publicly held shares, and delisting of the company. In comparison, the benchmark S&P BSE Sensex was ruling 0.32 per cent higher at 36,761 level.
The Principal Bench of the National Company Law Tribunal (NCLT) on Thursday approved JSW Steel’s Rs 19,700-crore bid for debt-laden Bhushan Power & Steel. In a 138-page judgment, the NCLT Bench, while approving the resolution plan submitted by JSW Steel, said the committee of creditors (CoC) and the resolution professional (RP) of the corporate debtor shall continue to function as monitoring agency for now.
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