Thursday 20 April 2017

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Nifty Realty index is the top gainer among the sectoral indices on NSE. Sobha Limited is the top gainer in the index trading higher by 4.8% at Rs 381.55 per share. Phoenix Limited is trading higher by 4% at Rs 409.1 per share.

There is a big buzz in the market regarding government’s NPA resolving policies. This has put the PSU Bank stocks in focus. Canara Bank is trading near its 52-week high of Rs 329.03 per share. Other PSU Bank stocks are not showing any strong movement but are trading in positive territory.

Whereas, big private bank players like Yes Bank, ICICI Bank and Axis Bank stocks are trading in negative territory. These stocks seem to be dragging down the Bank Nifty index.

The S&P BSE Sensex is trading at 29421 up 84 points, while NSE Nifty is trading at 9128 up 24 points. A total of 88 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE.

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