Market Buzz Today: Indiabulls Housing Finance share price soars 13.28 pct, SBI share price rises 1.7 pct; Shree Cement Down 0.41%
Trading was volatile due to expiry of weekly index options on the NSE. At 1:54 pm, the S&P BSE Sensex, was down 21.48 points, or 0.05%, at 41,301.52. The Nifty 50 index lost 5.10 points, or 0.04%, at 12,120.80. However, Bank Nifty was up by 159.10 points, or 0.52%, to 30,997.30.
Key equity markets were trading near the flat line in afternoon trade, amid mixed global cues. Trading was volatile due to expiry of weekly index options on the NSE. At 1:54 pm, the S&P BSE Sensex, was down 21.48 points, or 0.05%, at 41,301.52. The Nifty 50 index lost 5.10 points, or 0.04%, at 12,120.80. However, Bank Nifty was up by 159.10 points, or 0.52%, to 30,997.30.
Here is the list of some stocks:
SBI: Up 1.73%. SBI Cards and Payment Services' $1.25 billion-IPO to open on March 2.
Muthoot Finance: Up 4.60%. Hits new high as gold shines; overtakes PNB, AU Small Fin Bk in the m-cap ranking.
Indiabulls Housing Finance: Up 13.28%. MCA probe finds no major irregularities in Indiabulls' deal, reports Bloomberg.
Redington: Up 0.45%. Declared interim dividend of Rs 2.80 per equity share at its meeting held on February 20, 2020.
Bandhan Bank: Up 1.52%. Rose nearly 5% despite Macquarie has maintained underperform rating with a target at Rs 470.
Max Financial Services: Up 16% on report of Axis Bank eyeing stake in Max Life. Axis Bank is in talks to acquire more than 20 per cent stake through a fresh issue of equity.
Sterlite Technologies: Up 2.39%. Share price added 7% after the company won an order worth Rs 1,500 crore.
Thomas Cook: Up 20%. Company's board meeting scheduled on February 26 to consider and approve the proposal for a buyback.
Shree Cement: Down 0.41%. Analysts at Edelweiss estimate inflows of Rs 700 crore into the stock on account of the Nifty inclusion.
Vodafone Idea: Up 4.76%. Extends gains for the second day, soars 66% from Tuesday's low.
IRCTC: Up 4.85%. Hits new high. 7x now from the issue price.
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Infibeam Avenues: Up 2.03%. Has forayed into the US, the world's second-largest digital payments market by revenue. Will offer its solutions to web and mobile-based small and medium enterprises (SME).
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