Moneycontrol
Get App
Last Updated : Jul 17, 2018 02:36 PM IST | Source: Moneycontrol.com

D-Street Buzz: Nifty midcap outshines as Federal Bank zooms 17%; BoB leads PSU bank rally

275 stocks have hit fresh 52-week low including Aban Offshore, ACC, Ambuja Cements, Andhra Bank, Bank of India, DEN Networks, Federal Bank, GIC Housing Finance, HCC, India Cements, Kwality, NBCC, NMDC, PC Jeweller, PTC India and REC among others.

Sandip Das @Im_Sandip1
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The Indian benchmark indices including the Sensex continues to trade on a positive note this Tuesday afternoon with the index trading 124 points at 36,447 while the Nifty is trading higher by 56 points at 10,993.

Midcaps are buzzing this Tuesday afternoon, up 2.5 percent led by Bata India, CG Power, GMR Infra, IFCI, India Cements, Jain Irrigation Systems, JP Associates, PFC, Reliance Capital, Reliance Infra, Tata Global Beverage and Voltas among others.

The Nifty auto index is up half a percent led by Apollo Tyres, Ashok Leyland, Bharat Forge, Exide Industries, Mahindra & Mahindra and Tata Motors.

The PSU bank index is up over 2 percent led by stocks like Union Bank of India, Syndicate Bank, Bank of BarodaPunjab National Bank and Oriental Bank of Commerce by Canara Bank, Bank of India and Allahabad Bank among others.

Federal Bank jumped 17 percent while ICICI Bank, IDFC Bank, Yes Bank, RBL Bank and Axis Bank are some of the banks which are also up in the afternoon trade.

Oil & gas stocks are up with Reliance Industries adding half a percent while HPCL, BPCL and Indian Oil Corporation are up 4-5 percent.

From the BSE midcap space, Reliance Communications jumped 5 percent while Union Bank of India, LIC Housing Finance, MRPL, IDFC Bank and Muthoot Finance added 3-4 percent.

From the smallcap space, CMI zoomed 11 percent while Hathway Cable is up 10 percent. JMT Auto, Kitex Garments, Ujaas Energy and CG Power are the other smallcap gainers.

The top gainers among Nifty constituents are HPCL, Indian Oil Corporation, Hindalco Industries, BPCL and Tata Steel.

The most actively traded stocks on the NSE are Hindustan Unilever which shed 3 percent while Infosys, Ashok Leyland, Federal Bank and Reliance Industries are the other active stocks.

Some of the top BSE gainers include names like Hathway Cable which spiked 10 percent followed by Reliance Communications, and IDFC which added 5 percent. Adani Enterprises and Jain Irrigation Systems are the other gainers.

The top losers are DB Corp which is down 8 percent while Future Consumer, Kwality and Vakrangee are the other losers.

Britannia Industries, Hindustan Unilever, Nestle and Yes Bank are some of the very few stocks that hit fresh 52-week high in the afternoon trade.

On the other hand, 275 stocks have hit fresh 52-week low including Aban Offshore, ACC, Ambuja Cements, Andhra Bank, Bank of India, DEN Networks, Federal Bank, GIC Housing Finance, HCC, India Cements, Kwality, NBCC, NMDC, PC Jeweller, PTC India and REC among others.

The breadth of the market favoured advances, with 962 stocks advancing, 761 declining and 341 remaining unchanged. On BSE, 1298 stocks advanced, 1166 declined and 130 remained unchanged.

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

 
First Published on Jul 17, 2018 02:36 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant