Equity benchmarks closed higher for second consecutive session, backed by banks on hopes of early NPA resolution.
Shares of Yes Bank surged 2 percent intraday on Friday as investors cheered a strong response to the qualified institutional placement (QIP) by the bank.
The broader markets outperformed benchmarks but the gap between advances and declines narrowed as the day progressed.
Equity benchmarks ended the day on a positive note after crashing on Wednesday, but the market breadth remained narrow. Tata Motors was the top gainer on Sensex, with a gain of 2.4 percent.
After three-day consolidation, finally the market got direction on downside but that is unlikely to continue, feel experts who say the Nifty has support at 9,000.
Weak global markets, coupled with likely profit booking at home, bled the market on Tuesday. Pharma stocks such as Lupin and Cipla gained, while Bharti Airtel fell over 3 percent at close.
Investors remained sideways due to lack of global and domestic cues. D-Mart hogged the limelight, rising more than 114 percent on listing day.
Equity benchmark indices staged a recovery from their day#39;s lows, as Sensex ended 33 points lower, while the Nifty closed above 9100 after falling below it intraday.
The profit booking was warranted after a rally in previous week, say experts who expect the market to consolidate for couple of days before getting traction to move towards record high. Huge inflow from FIIs since February indicated that uptrend is still intact.
Idea Cellular was the stock in focus through the day after it announced a merger with Vodafone in the morning. The stock saw huge volatile swings as it surged nearly15 percent intraday, before plunging 15 percent as well
Equity benchmarks closed flat with a positive bias Friday as investors preferred to book profits after the Nifty hit a record high of 9,218.40 in opening following clearance to important GST legislations by GST Council.
ITC surged 4 percent after brokerages are upbeat on the stock. TCS, Asian Paints, Wipro, Lupin, MM, Power Grid and Tata Steel were other early gainers while LT, GAIL, Tech Mahindra, BPCL and HDFC were under pressure.
Benchmarks ended the day on a flat note after clocking fresh highs intraday as investors are likely to have booked profits in the rally witnessed during the week.
Chhattisgarh Investments Limited bought 200,000 shares of Can Fin Homesï»¿ at Rs 2,118 per share on the NSE.
Hanuman Textile Manufacturing amp; Investment Co Ltd sold 2,389,000 shares of Cosmo Filmsï»¿ at Rs 381.10 per share on the BSE.
Bahadur Chand Investments Pvt Ltd bought 8,878,000 shares of Hero MotoCorp at Rs 3375 per share on the NSE.
CNBC-TV18âs Navin Shetty lists some of the key stocks which were buzzing in trade today.
New Jersey-based insurance company selects Majesco for its multi-year modernisation program.
Here are a few top buzzing midcap stocks picked by CNBC-TV18#39;s analysts in trade today -- Yes Bank, Bharti Airtel, Sintex, SBI, HPCL, Shriram EPC, PNC Infra, Skipper, Asian Oilfield, Cimmco, NHPC and Ujaas Energy.
The lender on Thursday announced the launch of a USD 650 million QIP issue with an option to upsize to USD 750 million. The issue was oversubscribed over 2.5 times with at a price of Rs 1,500 per share.
With this demerger plan, Sintex intends to streamline various businesses developed by the Group.
The company has received Letter of Award of contract of Rs 108.97 crore from ONGC for 2D seismic data acquisition in unappraised on land area of Sedimentary Basins of India for sector 6 (Ganga).
The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet.
The transmission distribution structures maker received contracts worth Rs 405 crore approximately.
On March 23, 2017 CSP Investments sold 4,70,000 shares of Can Fin Homes at Rs 2,116 and Plutus Ventures sold 1,39,070 shares at Rs 2,073.04.
On March 23, 2017 Amansa Holdings bought 28,60,200 shares of Fortis Healthcare.
On March 23, 2017 Tarish Investment And Trading Company bought 63.52 lakh shares of Astra Microwave Products.