Live Stock Market Updates – Nifty breaches 9600, PSU bank rise

Nifty PSU Bank index gained nearly 0.5% in morning trade after the Reserve Bank of India announced steps to speed up NPA resolution process by identifying 12 accounts that can be immediately taken up under the Insolvency and Bankruptcy Code (IBC).

At 10 AM, the S&P BSE Sensex is trading at 31103 down 0.3 points, while NSE Nifty is trading at 9591 down 15 points. A total of 65 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.

There are 659 advances, 864 declines and 423 unchanged stocks on NSE reflecting a bullish floating in the market.

The BSE Mid cap Index is trading down 0.6% at 14705, while BSE Small cap Index is trading down 0.1% at 15497.

Some buying activity is seen in Oil & Gas, Power and Realty and Bankex, Auto, Telecom and Finance showing weakness on BSE.

Reliance, Dr Reddy, Power Grid, TCS, Hero MotoCorp, ICICI Bank are among the gainers, whereas Hindalco, Vedantat, Wipro, Tata Steel, YES Bank are losing on the NSE.

The INDIA VIX is up 0.6% at 11.

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