Tuesday 2 May 2017

Profit booking on D-Street; Nifty hovers around 9300

After a strong surge in the morning hours, the Bank Nifty index is seen to pared its gains in the pre-lunch hours. Bank Nifty is trading flat at 22361 levels. Federal Bank continues to be the top gainer in the index. The stock is trading higher by 5.9% at Rs 113.95 per share. Nifty is hovering around the crucial level of 9300. Indiabulls Housing Finance is the top gainer in the index trading higher by 3.6% at Rs 1054.15 per share. There are 736 advances, 892 declines and 346 unchanged stocks on NSE reflecting fairly negative bias floating in the markets.

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