Buzzing: Share price of Ashok Leyland jumped 3 percent intraday Wednesday after company signed Memorandum of Understanding (MoU) with Israel's ELBlT Systems.
As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems' artillery guns and systems.
Financials rally: Shares of banks and non-banking financial companies (NBFCs) soared in trade after the government appointed a successor to Urjit Patel. The Centre on Tuesday announced the appointment of Shaktikanta Das, former finance secretary to lead the Reserve Bank of India (RBI).
Yes Bank, Kotak Mahindra Bank, IDFC Bank, Federal Bank, and Punjab National Bank, among others rose 1-4 percent.
In the NBFC space, Indiabulls Housing Finance, HDFC and Bajaj Finance among others, too, rose up to 2 percent.
Dec 12, 09:41 AM (IST)
Banks under PCA rise Banks such as Allahabad Bank, Oriental Bank of Commerce and United Bank of India, among others, are surging in trade today after Shaktikanta Das was chosen as the RBI Governor.
Yes Bank surges Shares of Yes Bank traded around 3 percent higher ahead of its Board Meeting to name a successor to Rana Kapoor.
Market opens It is a positive start for the market on Wednesday morning, as investors reacted to double news of Shaktikanta Das being appointed RBI governor as well as results to state elections in five states.
The Sensex is up 128.23 points or 0.36% at 35278.24, while the Nifty is higher by 33.20 points or 0.31% at 10582.40. The market breadth is positive as 314 shares advanced, against a decline of 93 shares, while 12 shares were unchanged.
All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks and automobiles.
Shares of Yes Bank and Sun Pharmaceuticals and Indiabulls Housing were the top gainers, while Coal India, ICICI Bank, and Dr Reddy's Laboratories lost the most.
Dec 12, 09:13 AM (IST)
RUPEE OPENS The Indian rupee opened lower by 35 paise at 72.20 per dollar on Wednesday versus 71.85 yesterday.
Dec 12, 09:03 AM (IST)
Market at pre-open Equity benchmarks have begun higher in pre-opening trade, with the Nifty trading above 10,500.
The Sensex is up 113.60 points or 0.32% at 35263.61, and the Nifty up 60.70 points or 0.58% at 10549.20.
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Source: Moneycontrol
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