Sensex, Nifty rally; RCom stock jumps 36%

Benchmark indices were largely flat in the afternoon with the Nifty50 hovering around the 10,500 mark. On the Nifty50 Index, Bosch was the top performer, up 1.6%, while NTPC fell 0.9% and was the biggest laggard.

At 2:12 PM, the Sensex was down 17 points at 33,923, and the Nifty down 4 points at 10,489.

Among stocks, shares of Larsen & Toubro were trading marginally down after the company said it had received orders worth Rs3,355cr from India International Convention & Exhibition Center.

Shares of NBCC (India) slipped 1% after reports said that the Central Bureau of Investigation has filed corruption charges against the company's chairman Anoop Kumar Mittal.

ADAG stocks gained on reports that Hinduja Group and Reliance Anil Dhirubhai Ambani Group are in advanced talks for mega defence alliance. Reliance Naval was trading 4% up, while Reliance Communication was up around 14%.

Coromandel International touched 52-week high, gaining 4% as it is going to acquire bio-pesticides business of EID Parry for Rs338cr.

Yes Bank (+2.2%), Airtel (+1.7%), Bosch (+1.5%), Ambuja (+1.4%) and Vedanta (+1%) were the top gainers on the Nifty50.

M&M (-1.2%), Hero MotoCorp (-1.1%), NTPC (-0.1%), Wipro (-0.86%) and SBI (-0.80%) were the top losers in today’s trade.

Among NSE sectoral indices, Realty, Metal, FMCG and Media gained, while PSU Bank, Auto and Financial Services were down.

In broader markets, the BSE Midcap was up 0.54%, while BSE Smallcap gained 0.66%.

India VIX gained 4.89%.

Out of 2,009 stocks traded on the NSE, 1,033 advanced, 665 declined and 311 remained unchanged today.

A total of 152 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

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