Live Stock Market Tips: Sensex jumps 300 pts, Nifty nears 11K; RIL, Infy, Sun Pharma top gainers
Shares of Larsen and Toubro declined by over 3 percent in morning trade as investors reacted to Sebi denying permission for its buyback issue.
The engineering major on January 19 said market regulator Sebi denied permission for its Rs 9,000 crore share buyback offer. Benchmark indices started the week on a flat note with Nifty holding above 10,900 level.
The Sensex is up 30.57 points at 36417.18, while Nifty is down 0.40 points at 10906.60. About 386 shares have advanced, 448 shares declined, and 56 shares are unchanged.
HDFC Bank, Sun Pharma, NTPC, Infosys, RIL are trading higher, while Wipro, L&T, IOC, BPCL, TCS, Jet Airways, South Indian Bank, DCB Bank, are among major losers. Benchmark indices are trading mixed in pre-opening trade with Nifty is below 10,900 level.
At 09:02 hrs IST, the Sensex is up 58.69 points at 36445.30, while Nifty is down 34.30 points at 10872.70.
Linde India down 20 percent, and DCB Bank, L&T down 10 percent in pre-opening trade, while Vodafone Idea and Wipro are trading higher. Trends on SGX Nifty indicate a positive start for the broader index in India, a gain of 18 points or 0.16 percent. Nifty futures were trading around 10,953-level on the Singaporean Exchange.
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