Market
Live: Strong start on D-Street, Sensex surges 200 points, Nifty reclaims
11,300; Yes Bank tanks 30%
It’s a good start
to the market on this Friday morning as benchmark indices have begun on a good
note. Positive global cues and a stronger start to the rupee is aiding
sentiment on D-Street. The Nifty reclaimed 11,300 in the opening minutes.
The Sensex is up
171.63 points or 0.46% at 37292.85, while the Nifty is higher by 69.20 points
or 0.62% at 11303.60. The market breadth is positive as 461 shares advanced,
against a decline of 129 shares, while 61 shares were unchanged.
Barring information
technology names, all sectoral indices are trading in the green, with maximum
gains visible in banks, auto, metals, pharma, and energy names. In the midcaps
space, steel stocks are performing well. Overall, the Nifty Midcap index is
trading higher by a percent.
Among stocks,
shares of Yes Bank has fallen 15 percent following current MD & CEO Rana
Kapoor’s term being cut short. Jet Airways is lower by 6 percent on the back of
IT surveys at its premises.
The Indian rupee
gained in the early trade on Friday. It has opened higher by 52 paise at 71.85
per dollar versus 72.37 Wednesday.
Stocks
in the News: SBI, ICICI Bank, Bajaj Hindustan, Max
India, JMC Projects, Yes Bank
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