Sensex, Nifty volatile; IT, PSU banks stocks rally; Fed meet eyed
Equity benchmarks continued to be volatile in afternoon as investors awaited ICICI Bank earnings due later today and Federal Reserve policy meet.
The 30-share BSE Sensex was up 13.39 points at 29,934.57 and the 50-share NSE Nifty gained 5.55 points at 9,319.35.
Bank of Baroda, Bharti Infratel, Power Grid, UltraTech Cement, TCS, SBI and Infosys gained 1-3 percent while Lupin, Sun Pharma, Tata Steel, Adani Ports, ICICI Bank, Aurobindo Pharma, Tata Power and Hindalco were under pressure.
The Nifty IT index gained 1 percent and PSU Bank index rallied over 2 percent whereas FMCG, Pharma and Metal indexes fell 0.4-0.7 percent.
Buzzing stock: Shares of Steel Strips Wheels rose over 3 percent intraday on Wednesday after the company bagged an exports contract.
The company bagged another exports order for supply of steel wheels for EU Caravan market. The order covers supplies of approximately 19,000 wheels, with mix of 13” and 14” steel wheels, in a period of 3 months. “The wheels will be shipped from the company’s Chennai plant beginning this month,” it said in a statement to exchanges.
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The 30-share BSE Sensex was up 13.39 points at 29,934.57 and the 50-share NSE Nifty gained 5.55 points at 9,319.35.
Bank of Baroda, Bharti Infratel, Power Grid, UltraTech Cement, TCS, SBI and Infosys gained 1-3 percent while Lupin, Sun Pharma, Tata Steel, Adani Ports, ICICI Bank, Aurobindo Pharma, Tata Power and Hindalco were under pressure.
The Nifty IT index gained 1 percent and PSU Bank index rallied over 2 percent whereas FMCG, Pharma and Metal indexes fell 0.4-0.7 percent.
Buzzing stock: Shares of Steel Strips Wheels rose over 3 percent intraday on Wednesday after the company bagged an exports contract.
The company bagged another exports order for supply of steel wheels for EU Caravan market. The order covers supplies of approximately 19,000 wheels, with mix of 13” and 14” steel wheels, in a period of 3 months. “The wheels will be shipped from the company’s Chennai plant beginning this month,” it said in a statement to exchanges.
For more real-time market information and new :-
Call Us @ - 9329336363
Email Us @ - info@researchinfotech.in
Visit - http://www.researchinfotech.in/
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