Live Stock Market Updates - Sensex rallies 300 points, SBI up by over 20%

Equity tips:-
equity tips

  • 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.
  • The INDIA VIX is up by 3.21% at 11.96.
  • 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.
  • Lupin got U.S. FDA approval for generic Lodosyn Tablets.
  • Government will sell up to 5% of NLC at Rs 94 per share.

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