Sensex, Nifty edge higher; RIL, HDFC Bank stock jump


Financial symbols coming from hand
Indices were trading in rangebound with a positive bias in afternoon trade on Wednesday ahead of the expiry of November derivatives contracts and GDP data. As of 1:43 PM, the BSE Sensex was up 65 points at 33,684 and the NSE Nifty rose 18 points to 10,388.

The BSE MidCap Index rose 0.16% and the BSE SmallCap Index advanced 0.41%.

Bosch, Coal India, Infratel, Bajaj Auto and Adani Ports gained the most on Nifty50, while Axis Bank, Zee, Hindalco, UPL and HDFC were the top losers.

Some buying was seen in consumer durables, realty, telecom, pharma, auto, FMCG, metal and capital goods sectors, while banking and financial services sectors showed weakness on the BSE.

India VIX slipped by 2.37% at 12.83 level.

Out of 1,985 stocks traded on the NSE, 962 advanced, 680 declined, and 343 remained unchanged today.

A total of 104 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

News Highlights:

BHEL commissions 30 MW hydropower unit in Mizoram. Stock dips 1%.

Loyal Equipments gets order worth Rs 2.7 Cr. Stock spurts 5%.

Parsvnath Developers wins arbitration award of Rs 1035 Cr. Stock zooms 5%.

Jet Airways stock rises 2% after the tie-up with Air France KLM.

Tea stocks snap 3-day winning run on profit booking. Harrisons Malayalam (-5%), Mcleod Russel (-3%).

Nifty Realty Index gains 1%.  Sobha (+11%), HDIL, Godrej Prop, Oberoi Realty (+2%).

Coal India is considering hiking salary of its executives, which may cost the company about Rs 800 Cr, as per media reports. Stock rises 2.5%.

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