The stock market was trading higher led by gains in HDFC twins, Infosys, Kotak Mahindra Bank, HUL and L&T. HDFC Bank ADR stock rallied 8.6% overnight.
On the sectoral front, FMCG, metal, financial and Bank Nifty was trading higher.
At 10:10 AM, the BSE Sensex was trading at 34,952, up by 35 points, while the Nifty50 index was trading at 10,633, up 19 points.
BSE Midcap was down by 0.10%, while BSE Smallcap was down 0.12%.
Shares of ICICI Bank slipped 2% after the bank said it will conduct an independent enquiry into whistleblower’s complaint about alleged impropriety by its Managing Director and CEO Chanda Kochhar.
Shares of Atlanta dropped 16% after Price Waterhouse Chartered Accountants stepped down as auditor of the company days before annual financial accounts were closed.
Reliance Communications stock gained 8% on the back of telco settling its dispute with Ericsson.
Volatility index India VIX slipped 2% to 13.1350.
HDFC Bank (+2.6%), Bharti Airtel (+1.3%), Tech Mahindra (+1.3%), Coal India (+1.3%) and ONGC (+1.2%) were the top gainers on Nifty50.
Sun Pharma (-1.7%), ICICI Bank (-1.4%), SBI (-1.3%), Axis Bank (-1.3%) and Power Grid (-1.2%) were the top losers in today’s trade.
Out of 2,038 stocks traded on the NSE, 767 advanced, 818 declined and 453 remained unchanged today.
A total of 14 stocks registered a fresh 52-week high in trade today, while 41 stocks touched a new 52-week low on the NSE.
The rupee strengthened by 6 paise to 67.37 against the dollar at the Interbank Foreign Exchange ahead of GDP data scheduled to be released later today.
Reference By- https://www.indiainfoline.com/article/news-top-story/nifty-hovers-around-10-650-mark-ahead-of-f-o-expiry-118
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