The benchmark NSE Nifty 50 index rose 1% for the week to close at 25,003, while the S&P BSE Sensex advanced 747 points on Friday to end at 82,189. The Nifty Bank index gained nearly 2% during the week, ending…
The number of shares that changed hands, amount to 7.4% of the outstanding equity in the stock.
Out of the 12 analysts that have coverage on Bharti Hexacom, seven of them have a ‘Buy’ rating, four say ‘Hold’, while one analyst has a ‘Sell’ rating on the stock.
RBI Governor Sanjay Malhotra said that the overall banking system remains robust. Referring to recent developments at IndusInd Bank, he said, “Such episodes will occur, but they should not concern us excessively as long as they remain isolated.”
Political uncertainty and rising deficits are contributing to a weaker dollar, which Mark Matthews of Bank Julius Baer believes will continue.
Shares of Manappuram are in the F&O ban, which means no new positions can be created in that stock.
The stress coming down in the unsecured loans is a positive for India’s largest NBFC, Bajaj Finance, whose shares have also rallied 4.2% to ₹9,313 and are heading back towards their all-time high levels of ₹9,660.
The Nifty Realty index is trading higher by 4% today, extending gains for the second straight session, with all its constituents in the green.
On the international front, spot gold rose 0.5% to $3,368.49 an ounce by 03:40 GMT, putting the metal on track for a weekly gain of 2.5% an ounce.
Rate-sensitive stocks like banking, realty and auto traded with gains, after the Reserve Bank of India’s Monetary Policy Committee slashed the key lending rate by 50 basis points.