The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

    Sensex jumps 100 pts, Nifty50 tests 11,100; YES Bank gains 2%

    Story outline

    • Headline equity indices Sensex and Nifty opened in the positive territory
    • Axis Bank, Tata Steel, Sun Pharma and HDFC were leading among Sensex scrips
    • Midcaps and smallcaps were outpacing benchmark Sensex, rising up to 0.37 per cent.
    Axis Bank, Tata Steel, Sun Pharma, HDFC and State Bank of India were leading among Sensex scrips.

    Related Companies

    NSE
    BSE

    PEER COMPANIES

    PEER COMPANIES

    PEER COMPANIES

    PEER COMPANIES

    PEER COMPANIES

    PEER COMPANIES

    NEW DELHI: Headline equity indices Sensex and Nifty opened in the positive territory on Wednesdy, amid mixed global cues ahead of US Fed outcome.

    Rupee's health improved but rising crude oil price remained a concern even as the US bond yields edged near a seven-year peak.

    Around 9:25 am, the BSE Sensex was 96 points up at 36,748, while Nifty50 was trading 20 points higher at 11,088.

    Among the 50 stocks in the Nifty index, 32 were trading with gains, whereas 30-share Sensex saw 19 stocks advancing.

    Axis Bank, Tata Steel, Sun Pharma, HDFC and State Bank of India were leading among Sensex scrips.

    On the flip side, Wipro, Adani Ports, ONGC, ITC, Coal India and IndusInd Bank were among top laggards in the Sensex kitty of stocks.

    Midcaps and smallcaps were outpacing benchmark Sensex, rising up to 0.37 per cent.

    Among sectoral indices on BSE, healthcare and consumer durables were witnessing decent buying interest.

    BSE Healthcare, rising 1.48 per cent, was leading among sectoral indices, backed by gains in Sun Pharma, Dr Reddy's Labs, Lupin, Aurobindo Pharma and Cipla.

    Shares of YES Bank jumped after the bank's board has formed a five-member panel including two members from outside the bank to find a successor to founder CEO Rana Kapoor, less than a week after Reserve Bank of India (RBI) cut short his tenure to January 31, 2019.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Also Read

    1 Comment on this Story

    Niveza Equity Research754 days ago
    The Yes Bank stock has gaining ahead of the Board Meeting regarding Mr.Rana’s tenure. Yesterday only, RBI has given green signal for the tenure extension. Still the board has formed a five-member panel in search of the successor to CEO Rana Kapoor, less than a week after Reserve Bank of India (RBI) cut short his tenure to January 31, 2019. There are some other positive moves also such as the bank has just raised USD 400 million through syndicated loan facility in line with its aggressive expansion strategy along with its shareholders approval to raise Rs. 30000 Crores via Debt. Yes bank’s EPS is at Rs. 19.58 with a strong P/E ratio of 16.52x, both at TTM basis. The bank secures healthy ROE of 17.52%, at the basis of company’s five years performance. Though the stock is currently playing Sneak and Ladder game, it is expected to achieve a potential growth in near terms. Search Google for Niveza FREE Share Market Tips today.
    The Economic Times