Friday, 10 March 2017

Live Stock Market Updates: Nifty shy of 8950; India Home Loans gains 6%


The board of DCB Bank recently approved fund raising plan by up to Rs 400 through the route of issuing equity shares to Qualified Institutional Buyers (QIBs). The stock traded on its fresh 52-week high of Rs 163.9 per share on Friday.

India Home Loan gains nearly 6% after the announcement of signing of MoU with Surat Urban Development Authority (SUDA).

Career Point spikes over 6% after the announcement of signing of agreement with Ministry of Social Justice and Empowerment (MSJE).

There are 843 advances, 709 declines and 370 unchanged stocks on NSE reflecting some positive bias floating in the market.

At 1 PM, the S&P BSE Sensex is trading at 28982 up 53 points, while NSE Nifty is trading at 8941 up 14 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading flat at 13405, while BSE Small-cap Index is trading up 0.4% at 13672.

Some buying activity is seen in Information Technology, Auto and Telecom while Oil & Gas, Energy, FMCG, Healthcare are showing weakness on BSE.

Ultratech Cement, Hero MotoCorp, LT, Infosys and Tata Power are among the gainers, whereas Power Grid, Grasim, Hindalco and Tech Mahindra are losing sheen on NSE.

The INDIA VIX is down 4.2% at 13.8.

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