Sensex, Nifty trade flat; Unitech stock zooms 14%

Sensex and Nifty were trading flat due to lack of directional cues from global markets.

At 11:23 AM, the BSE Sensex was trading at 33,794, up 17 points, while the Nifty50 was ruling at 10,455, up 11 points.

Among BSE sectoral indices, realty index was the star-performer and was up 3.01%, followed by metal 0.75%, infrastructure 0.69% and capital goods 0.64%. On the other hand, banking index fell 0.34%, auto 0.3% and PSU 0.18%.

Unitech, RCom, DB Realty and Sun TV stock soared after a special CBI court acquitted all accused in the 2G Spectrum Scam.

Shares of Ashiana Housing rose 2% after SBI Mutual Fund bought 1.7% stake in the company on Wednesday through a bulk deal on the NSE.

Shares of Urja Global were locked in the 5% upper circuit as the board of the company approved the issue of 26.54 mn compulsorily convertible preference shares to MK Star Development.

Shares of Varun Beverages rose 7.3% after the company approved a proposal to enter into a binding agreement with PepsiCo India.

IVRCL Ltd jumped 16% after the company entered into a pact with Cube Highways and Infrastructure to sell two arms for Rs730cr.

In broader markets, the BSE Midcap was up 0.59%, while BSE Smallcap gained 0.86%.

Hindalco (+1.84%), Sun Pharma (+1.83%), Zee (+1.4%), Zee (+1.35%), Hero MotoCorp (+1.1%) and Cipla (+1.1%) were the top gainers on the Nifty50.

M&M (-2.9%), HUL (-1%), Infy (-0.94%), Infratel (-0.62%) and Bajaj Finance (-0.59%) were the top losers in today’s trade.

India VIX dropped 0.49%.

Out of 1,987 stocks traded on the NSE, 1,114 advanced, 495 declined and 378 remained unchanged today.

A total of 94 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.

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