Shares of Max India surged 11 percent, hitting record high at Rs 505 per share intraday as investors are eagerly waiting for its restructuring plans that will be decided in board meeting today. Media reports suggested that Max India may be heading for 3-way split.
The market continues their gains into the 8th consecutive session. Midcaps are marginally outperforming with a firm advance decline ratio. The Sensex is up 98.92 points at 29377.76. The Nifty up 13.00 points at 8848.60.
The market continues their gains into the 8th consecutive session. Midcaps are marginally outperforming with a firm advance decline ratio. The Sensex is up 98.92 points at 29377.76. The Nifty up 13.00 points at 8848.60.
Axis Bank, Cipla, Tata Motors, L&T and HDFC are top gainers while Dr Reddy's Labs, Coal Indi, M&M, Infosys and Hindalco. The likes of BHEL, L&T, Pipavav Defense and Walchandnagar gain on optimism of US & India breaking a 6-year log jam over the civil nuclear deal and separately deepen defense ties.
Indian equities worth Rs 2,020 crore on Friday, as per provisional stock exchange data.
Capital Goods stocks too are trading higher. L&T has gained over 2% and BHEL is up around 1%.
Among auto stocks, Maruti Suzuki is up around 1.7% ahead of its results due later today while Tata Motors is the lead gainer from the pack and has gained over 2%. However, Bajaj Auto and Hero Motocorp have declined around 1.9% and 1.1% each.
Pharma stocks are trading mixed. While Cipla has gained over 2%, Sun Pharm and Dr Reddys Lab have declined around 0.9% and 3.7% each.
IT stocks are under pressure in today’s session. Infosys has declined around 2.5% and TCS and Wipro are trading flat. Coal India down 3.2% andHUL down 1.6% are other major losers.
Indian equities worth Rs 2,020 crore on Friday, as per provisional stock exchange data.
Capital Goods stocks too are trading higher. L&T has gained over 2% and BHEL is up around 1%.
Among auto stocks, Maruti Suzuki is up around 1.7% ahead of its results due later today while Tata Motors is the lead gainer from the pack and has gained over 2%. However, Bajaj Auto and Hero Motocorp have declined around 1.9% and 1.1% each.
Pharma stocks are trading mixed. While Cipla has gained over 2%, Sun Pharm and Dr Reddys Lab have declined around 0.9% and 3.7% each.
IT stocks are under pressure in today’s session. Infosys has declined around 2.5% and TCS and Wipro are trading flat. Coal India down 3.2% andHUL down 1.6% are other major losers.
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