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PNB, Kotak Mah Bank, BoB, SBI top gainers; Sensex choppy

Aug 21, 2014, 02.24 PM IST | Source: Moneycontrol.com

Bank Nifty advanced over a percent as top lenders like Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank, State Bank of India, Axis Bank and HDFC Bank gained 1-3 percent.

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PNB, Kotak Mah Bank, BoB, SBI top gainers; Sensex choppy

Bank Nifty advanced over a percent as top lenders like Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank, State Bank of India, Axis Bank and HDFC Bank gained 1-3 percent.

14:24

The News International Team

PNB, Kotak Mah Bank, BoB, SBI top gainers; Sensex choppy

Equity benchmarks continued to trade higher with marginal gains amid volatility, supported by banks and auto stocks. The Sensex rose 69.79 points to 26384.08 and the Nifty climbed 17.30 points to 7892.60.

About 1534 shares have advanced, 1323 shares declined, and 107 shares are unchanged.

Bank Nifty advanced over a percent as top lenders like Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank, State Bank of India, Axis Bank and HDFC Bank gained 1-3 percent.

Bajaj Auto topped the buying list in the Sensex, up 3 percent followed by Sun Pharma with 1.8 percent. However, NTPC, Dr Reddy’s Labs, Hindalco Industries, Sesa Sterlite and United Spirits lost 1-2 percent.

Ferrous stocks like SAIL and Tata Steel declined after the cabinet hiked royalty rates on iron ore to 15 percent from 10 percent earlier. MOIL too was under pressure as manganese royalty rates upped to 5 percent from 4.2 percent earlier.

Zee Entertainment is all set to replace United Spirits on all NSE indices with effect from the September 19.

Global markets subdued today with the Asian equities closing in the red as China economy fears deepened after Chinese HSBC PMI fell to 3-month low of 50.3. Even Eurozone data disappointed with the manufacturing PMI sliding to 13-month low.

13:00

Sensex, Nifty limp a bit; metals melt, Bajaj Auto gains 2%

Asian markets trade under pressure after China manufacturing PMI dropped to a 3-month low. European markets, however, opened with a slight positive bias as investors await positive cues from the Jackson Hole meet.

Read More »

12:00

Sensex volatile, midcap outperforms; Bank Nifty rises 1%Read More »

The BSE Midcap and Smallcap indices jumped 0.7 percent each. Advancing shares outnumbered declining ones by a ratio of 1581 to 1011 on the Bombay Stock Exchange.

Read More »

11:00

Sensex, Nifty pick up pace; SBI, Bajaj Auto, GAIL gainersRead More »

Bajaj Auto, SBI, Axis Bank, M&M and GAIL are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Hero MotoCorp, Sesa Sterlite and HDFC.

Read More »

10:00

Nifty hits 7900, Sensex up 100 pts; banks, oil & gas gainRead More »

Shares of State Bank of India, ONGC, Axis Bank, Bajaj Auto and GAIL were prominent gainers followed by TCS, L&T, HDFC Bank, Reliance Industries, Tata Motors, Maruti Suzuki, and Mahindra and Mahindra with 0.4-0.7 percent.

Read More »

09:15

Sensex, Nifty open flat; TCS & ITC up, steel under pressureRead More »

Tata Motors, TCS, Tata Power, ITC and M&M are top gainers while Sesa Sterlite, Tata Steel, Cipla, Hero MotoCorp and Bharti Airtel are among the laggards in the Sensex.

Read More »

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