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Sensex and Nifty were likely to open lower today as Nifty futures on the Singapore Exchange fell 77 points, or 0.51 per cent, at 15,083. On Tuesday, benchmark indices zoomed for the second consecutive session this week led by gains in consumer durables an
Here's breaking down the pre-market actions
Volatility struck bourses in early trade as the key benchmark indices regained positive zone soon after opening lower. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 47.04 points or 0.09% at 50,240.37. The Nifty 50 index was up 21 points or 0.14% at 15,129.10. The S&P BSE Mid-Cap index was up 0.82%. The S&P BSE Small-Cap index was up 0.69%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1573 shares rose and 673 shares fell. A total of 106 shares were unchanged. Stocks in news: Tata Motors lost 4.86%. On a consolidated basis, Tata Motors ...
Axis Bank: OFS of SUUTI oversubscribed four times on Day 1 Premium Read Full Story The centre’s bid to sell a majority part of its residual stake in Axis Bank got to a good start with the issue opening for non-retail investors on Wednesday getting over-subscribed four times of base size. “Offer for Sale of SUUTI shares in Axis Bank got good response on day one. Issue subscribed over 4 times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow," disinvestment secretar...
The domestic equity barometers ended with steep losses after a volatile session on Wednesday. The Nifty, however, managed to hold the 15,000 mark. Private banks and auto shares corrected while pharma, media and realty stocks were in demand. The barometer index, the S&P BSE Sensex, declined 290.69 points or 0.58% to 49,902.64. The Nifty 50 index lost 77.95 points or 0.52% to 15,030.15. Bajaj Finserv (down 1.68%), HDFC (down 1.68%), HDFC Bank (down 1.29%) and ICICI Bank (1.24%) were major drags. Index heavyweight Reliance Industries (RIL) rose 0.43% to Rs 1996.35, supporting the benchmarks at...