Last Updated : Dec 07, 2018 02:11 PM IST | Source:

D-Street Buzz: Bank Nifty gains led by Kotak Mahindra Bank; Muthoot Finance spikes 13%, HCL Tech drags

The breadth of the market favoured the declines with 761 stocks advancing and 884 declining while 418 remained unchanged. On the BSE, 992 stocks advanced, 1230 declined and 144 remained unchanged.

Sandip Das @Im_Sandip1

The Indian stock market continues to trade on a positive note this Friday afternoon with the Nifty50 up 22 points, trading at 10,623 while the Sensex gained 137 points and is trading at 35,449.

Bank Nifty is up close to a percent led by Kotak Mahindra Bank which jumped 10 percent after Warren Buffett's Berkshire Hathaway is in talks for a 10 percent stake buy in the bank valued at between $4 billion and $6 billion.

The other gainers included PNB, Bank of Baroda and Axis Bank.

Nifty Media is also trading in the green aided by gains from Zee Entertainment which jumped 2 percent followed by EROS International Media, UFO Moviez, INOX Leisure and DB Corp.

Selective realty stocks are buzzing led by DLF which jumped 2 percent while Oberoi Realty and Sobha are the other gainers.

From the BSE midcap space, the top gainers are Muthoot Finance which jumped 13 percent followed by Endurance Tech and Colgate Palmolive while the top losers are Bharat Forge, SAIL and Ajanta Pharma.

The top smallcap gainers are Premier Explosives which spiked 13 percent followed by Panacea Biotec while the top losers are Navkar Corp which plunged close to 14 percent and Capital Trust.

The top gainers from NSE include Kotak Mahindra Bank, Adani Ports, Zee Entertainment, Asian Paints and Maruti Suzuki.

The top losers included HCL Tech, GAIL India, IndusInd Bank, Indiabulls Housing Finance and YES Bank.

The most active stocks were Kotak Mahindra Bank, HCL Tech, Sun Pharma, Axis Bank and YES Bank.

Sakuma Exports and Tube Investments are two of the only three stocks to have hit new 52-week high.

116 stocks have hit new 52-week low including names like Ashapura Intimates, Balkrishna Industries, Coal India, Deepak Fertilizers, GPT Infraprojects, HT Media, IL&FS Transportation Networks, Navkar Corporation, Oil India, Prabhat Dairy, Prakash Industries, Punj Lloyd, Steel Authority of India, Sun Pharma Advanced Research Company, Tata Motors and Transformers And Rectifiers among others.

The breadth of the market favoured the declines with 761 stocks advancing and 884 declining while 418 remained unchanged. On the BSE, 992 stocks advanced, 1230 declined and 144 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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First Published on Dec 7, 2018 12:29 pm
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