Benchmark indices climbed higher in Wednesday’s noon trade, lifted by financials and metal stocks.
The S&P BSE Sensex was hovering around 36, 700 levels, up 119090400221 points, or 0. 33 per cent. HDFC Bank, State Bank of India, Bharti Airtel, Vedanta, and ICICI Bank were the top gainers in the Sensex pack. The broader Nifty 50 index was up 36 points, or 0. 33 per cent, at 10, 830 levels.
The Nifty sectoral indices were trading mixed. Nifty Pharma and Nifty Auto indexes were both down over 1.5 per cent each, while Nifty PSU Bank, Nifty Private Bank, Nifty Bank, and Nifty Fin Service indexes were all up over 1 per cent each.
In the broader market, the S&P BSE MidCap index cracked 18 points, or 0. 13 per cent, to 13, 230 levels, while the S&P BSE SmallCap index dipped 8 points, or 0. 06 per cent, to 12, 360 levels.
Sun Pharmaceutical Industries dipped 5 per cent to Rs 416. 85 apiece in Wednesday’s trade on the BSE after reports suggested that Securities and Exchange Board of India (Sebi) has ordered a forensic audit against the company to look into allegations of financial irregularities and lapses in corporate governance standards.READ MORE
After a sharp slide in the bank stocks, especially the public sector banks, on Tuesday, Nifty PSU Bank index was trading over 1 per cent higher on the NSE on Wednesday. Shares of Union Bank of India, State Bank of India, Central Bank of India, Bank of Baroda, Syndicate Bank, and Allahabad Bank gained 1 to 3 per cent in the intra-day trade.READ MORE
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