Sensex, Nifty off day’s high; Bandhan Bank, Suzlon stocks gain

BSE and NSE
Equity benchmark indices made a positive start to the session with broad based gains, led by a surge in shares of public sector banks and metal companies, and supported by a positive trend across most global markets.

However, caution ahead of expiry of the March derivatives series on Wednesday and a holiday-truncated week limited gains.

At 10:19 AM, the BSE Sensex was trading at 33,174, up 107 points, while the Nifty50 index was trading at 10,156, up 25 points.

The BSE Midcap and the BSE Smallcap indices rose 1.23% and 1.56%, respectively.

Bandhan Bank stock opened at a premium of 29% at Rs 485 against its issue price of Rs 375 per share.

The Nifty PSU Bank index rose over 1.5% with all constituents trading in green, as the government's plan to cut Apr-Sep borrowing through dated securities by nearly 23% from a year ago is seen cutting the banks' treasury losses.

Shares of Punj Lloyd surged over 10% on Rs505cr order from the National Highways Authority of India.

Dilip Buildcon has been declared lowest bidder for 4 hybrid annuity projects valued at Rs4,115cr by NHAI in Karnataka & Maharashtra. The stock has gained 2% today.

Volatility index India VIX slipped 2.89% to 14.7550.

Axis Bank (+2.8%), Tata Steel (+2.6%), HPCL (+2.1%), Vedanta (+2%) and Indiabulls HF (+2%) were the top gainers on Nifty50.

Infratel (-1.7%), GAIL (-1. %), Airtel (-1.5%), BPCL (-0.73%) and Hero MotoCorp (-0.57%) were the top losers in today’s trade.

Out of 2,013 stocks traded on the NSE, 1,393 advanced, 231 declined and 389 remained unchanged today.

A total of five stocks registered a fresh 52-week high in trade today, while 63stocks touched a new 52-week low on the NSE.
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