Live Stock Market Updates – Sensex rallies 300 points, SBI up by over 20%
Nifty and Sensex opened on a positive note following the strong push from Banking Sector. SBI Bank leads the Banking Index with strong gain of over 18%, followed by ICICI Bank, that rose by 10%.
At 9:27 AM, the S&P BSE Sensex is trading at 32,912, up by 305 points, while NSE Nifty is trading at 10,285 up by 77 points.
The BSE Mid-cap Index is trading up by 0.59% at 16,276 whereas BSE Small-cap Index is trading up by 0.4% at 17,260.
SBI, ICICI Bank, L&T, Axis Bank, and Ultra Cement are among the gainers, whereas HDFC, HDFC Bank, Indiabulls Housing Finance, Kotak Bank, and Indusland Bank are losing steam on NSE.
Some buying seen in Basic Materials, Bank, Finace, Industrials, Capital Goods, and Power while Consumer Durables show weakness on the BSE.
Out of 1,971 stocks traded on the NSE, 1,130 advanced, 365 declined, and 431 remained unchanged today.
A total of 40 stocks registered a fresh 52-week high in trade today, while 6 stocks touched a new 52-week low on the NSE.
eneral Insurance Corp to be listed on exchanges. The issue was subscribed 1.38 times at Rs 912 per share.
Cabinet approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a two year period.
RBI imposed Rs 6 crore penalty on Yes Bank for non-compliance Of RBI directions on Income Recognition Asset Classification.
RBI imposed Rs 2 crore penalty on IDFC Bank due to non-adherence with certain directions pertaining to sanction and renewal of loans and advances.
Government will sell up to 5% of NLC at Rs 94 per share.