Nifty reclaims 10,300 mark; SBI, Airtel stock up


Equity tips:-

  • Benchmark indices opened higher tracking positive cues from other Asian equity markets and US equities overnight.
  • The gains on the Nifty50 were led by shares of Axis Bank, UltraTech Cement, Bharti Airtel and State Bank of India.
  • At 9:40 AM, the Nifty50 index was up 52 points, or 0.5% at 10,318 level, while the Sensex was at 33,427 points, up 0.5% or 162 points.
  • IL&FS Engineering stock gained 5% after it won the pipeline-laying contract from GAIL India worth Rs216cr.
  • Shares of SBI were up 1.5% after brokerage firm Goldman Sachs upgraded the stock to 'buy' with a price target of Rs396.
  • Max India's shares fell 2% after the Delhi government canceled the license of its Shalimar Bagh, Delhi hospital.
  • The BSE Midcap index and BSE Smallcap index was up by 0.5%. Both these indices outperformed the Sensex.
  • All sectoral indices on the NSE were trading in the green.
  • Bharti Airtel (+1.8%), Axis Bank (+1.7%), SBI (+1.69%), Wipro (+1.64%) and Eicher (+1.6%) were the top gainers on the Nifty50.
  • HUL (-1%), Indiabulls HF (-0.44%), Infosys (-0.24%), NTPC (-0.17%) and Kotak Mahindra Bank (-0.13%) were the top losers in today’s trade.
  • India VIX gained 4.68%.
  • Out of 1,982 stocks traded on the NSE, 1,175 advanced, 375 declined and 432 remained unchanged today.
  • A total of 53 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
  • Meanwhile, the Indian rupee opened flat at 64.45 per dollar against Friday's close of 64.46.


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