Market Live: Sensex trades steady, Nifty around 9450; Tata Motors, Zee Ent gain
14:10 Checking benchmark traded benchmark indices in a tight range, although the selling pressure has continued, while the market has struggled to return to opening levels.
The Sensex rose 137.33 points 30,602.25, while Nifty increased by 23.20 points 9451.10. The market amplitude has been negative since 1000 shares advanced against a decrease of 1595 shares, while 170 shares remained unchanged.
ITC, Tata Motors and Zee Entertainment have won the majority, while OSE and Lupine continued to decline.
13h 50 Gandhigiri by the National Bank of Punjab: Punjab National Bank (PNB), one of the top three government lenders, focuses on “Gandhigiri” to help its double recoveries and reduce delinquency (PAN).
In 2015, bank employees’ unions from the Andhra States and the Bank of India have resorted to ‘Gandhigiri’ – made famous by the Bollywood film Lage Raho Munna Bhai approve a less aggressive approach in the treatment of debtors – for To recover voluntary delinquent loans.
Sunil Mehta, the newly appointed CEO and manager of PNB, intensifies its recovery mechanism by encouraging employees and pushing forward innovative ideas to deal with bad loans.
Said the drug company Lupine today has received approval from the Central Control India Medicines (CDSCO) for the tablet Bepotastine used to treat patients: 13:30 helicopter Product allergic symptoms. Lupine said he would start promoting the product in the country soon.
“Bepotastine is a new second generation antihistamine drug to be introduced into the Indian pharmaceutical market (IPM) that could benefit millions of patients suffering from allergic symptoms.
13:10 Checking the capital markets indices have reduced some of their earnings, with the Nifty strived to maintain the 9450 brand too.
The Sensex rose 97.44 points 30,562.36, while Nifty increased by 15.15 points 9443.05. The market amplitude has been negative since 1,600 stocks advanced against a decrease of 1,527 shares, while stocks of 155 remained unchanged.
ITC, Tata Motors and Bharti Infratel were the winners, while Lupine and State Bank of India lost the majority.
24:25 Hours of action: Elecon Engineering Company shares rose more than 7 percent intraday Monday on the back of strong figures for the fourth quarter.
Net profit for the company Q4FY17 jumped 29.1% to 29.7 notches against the net profit of Rs 23 crore in the same period of the previous year.
The company’s total revenues fell 1.5 percent to 446.6 crore rupees against Rs 453.3 crore.
12h10h Checking benchmark indices continued trading in a range after seeing an opening for opening, with the Nifty brand above 9450.
The Sensex rose 136.76 points to 30,601.68, while Nifty increased by 28.25 points to 9456.15. The market amplitude was negative with only 1,098 stocks advanced against a decrease of 1322 shares, while stocks of 171 remained unchanged.
ITC, Adani and Bharti Infratel ports were the top winners of the two indices, while Lupine and OSE lost more.
11:40 Expert talks: Udayan Mukherjee of CNBC-TV18 said that the correction for the market does not come because people expect and if one were to look at bull market corrections, they usually do not follow a predictable pattern – they come at least Are expected and are very accurate, but not extended.
In addition, another factor that could prevent a correction could be that mutual funds continue to see large influx of flows and, if you look at the model of purchases last month of the large MF 8-10 buy large capitalization names, said Mukherjee adding that the MF earn so much money, but you can not implement this in midcaps due to valuation issues and buy the world ITC and HDFC.
11:19 buzz archive: Shares of Kotak Mahindra Bank gained 2 percent on Monday intraday on reports from the bank’s promoter to sell its stake.