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Nifty and Sensex recover from the down trend with strong gains from private banks. The India Vix is up by 1.58% at 12.30.Nifty and Sensex show recovery from the morning losses with strong gains from the bank sector. Axis Bank gains by 8% to push bank index up, while metal sector continues to weigh down the market.
the S&P BSE Sensex is trading at 33,250, down by 15 points, while NSE Nifty is trading at 10,350 down by 13 points.
The BSE Mid-cap Index is trading up by 0.18% at 16,595.50 whereas BSE Small-cap Index is trading up by 0.44% at 17,597.16.
Axis Bank, ONGC, HCL, Dr Reddy’s Laboratories, and Infratel are among the gainers, whereas Hindalco, Tata Steel, Vedanta ltd, Mahindra & Mahindra and UPL are losing steam on NSE.
Some buying seen in Finance Telecom, Consumer Durables and Capital Goods, while Basic Materials, Energy, Metals, Industrials, Auto and Teck sector show weakness on the BSE.
The INDIA VIX is up by 1.91% at 12.34.
Out of 1,975 stocks traded on the NSE, 875 advanced, 766 declined, and 334 remained unchanged today.
A total of 89 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
McNally Bharat gets Rs 300 mn order from Hindustan Zinc.
Subros shares recover, up 1.3% on RS 100 mn order from railways.
Metals slip in trade, JSW Steel sheds over 2% ahead of earnings.
Nifty PSU Bank Index down 1.5%. Union bank (-4%), Andhra Bank (-3%), PNB (-2%).
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