Market gains 100 points, Nifty below 10,700; Axis Bank rises 5%
Shares of Bosch gained 3 percent in the early trade on Wednesday as company's buyback offer to open on February 6 and will close on February 20.
The buyback is of 10,27,100 equity shares of Rs 10 each of the company at a price of Rs 21,000 per equity share. It is a strong start for the Indian indices on Wednesday with Nifty is trading around 10,700.
At 09:17 hrs IST, the Sensex is up 148.83 points at 35741.33, while Nifty is up 41.10 points at 10693.30. About 472 shares have advanced, 299 shares declined, and 35 shares are unchanged.
Axis Bank, HCL Tech, Bank of Baroda, Bajaj Finserv, Indiabulls Housing, Yes Bank, ICICI Bank are among major gainers on the indices, while losers include Adani Ports, BPCL, HDFC Bank, Hero Moto, Dr Reddy's Lab. Benchmark indices gained in the pre-opening session with Nifty trading above 10,700 level.source- www.moneycontrol.com
At 09:01 hrs IST, the Sensex is up 92.03 points at 35684.53, while Nifty is up 58.60 points at 10710.80.
Shares of DHFL is trading 10 percent higher post company clarified on the allegation against the company.
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