Live Stock Market Updates – Nifty hovers around 10,350; Bharti Airtel dips by 3%
Nifty and Sensex take cues from the positive US markets to begin trade on a positive note. However, the Telecom sector dampens the growth, with Bharti Airtel slumping by nearly 3%. Pharma Sector gains strong foothold with positive Q2 earnings from several companies, Cipla gains by 4%.At 9:28 AM, the S&P BSE Sensex is trading at 33,463, up by 92 points, while NSE Nifty is trading at 10,380, up by 30 points.The BSE Mid-cap Index is trading up by 0.48% at 16,569.18 whereas BSE Small-cap Index is trading up by 0.37% at 17,688.90
Cipla, Axis Bank, Sun Pharma, Tech Mahindra, and Infratel are among the gainers, whereas Bharti Airtel, Indiabulls Housing Finance, Reliance, Indian Oil, and SBI Bank are losing steam on NSE.
Some buying seen in IT, Healthcare, and Teck sectors, whereas Energy, Telecom, and Oil & Gas sectors show weakness on the BSE.
The India Vix is up by 1% at 13.37.
Out of 1,946 stocks traded on the NSE, 986 advanced, 493 declined, and 467 remained unchanged today.
A total of 27 stocks registered a fresh 52-week high in trade today, while 6 stocks touched a new 52-week low on the NSE.
Bharti Airtel stock drops over 3% after 2.19 Cr shares change hands in a block deal.
Lupin stock up 1% on short covering as company said it would try to resolve warning letter early.
Cipla stock surged 4% post better-than-expected earnings.
Ujjivan stock rallies over 5% after 1.03 Cr shares or 7.7% equity change hands in multiple blocks on the NSE.
Sun Pharmaceutical’s subsidiary Taro Pharma reported a strong performance during the previous quarter. Stock rises 2%.
Axis Bank board to meet on Nov. 10 to consider raising funds. Stock up 4%.
Adlabs to sell Novotel Imagica Khopoli Hotel for Rs 213 Cr to Bright Star. Stock spurts 3%.
F&O Ban; In ban: DHFL, HDIL, Indiabulls Real Estate, India Cement, Infibeam, JSW Energy, RCom, Wockhardt; New in ban: India Cement.
Results Today: Arvind Ltd, United Breweries, Ashok Leyland, Mahanagar Gas, Bharat Forge, Petronet LNG, Pidilite Ind, Rain industries, CESC, Chennai Petro, Balkrishna Ind, GSFC, Shree Cement, Voltas, OBC, Muthoot Fin