BSE Oil & Gas, FMCG, Metal, Banks and Capital Goods indices spurted by almost 2%
Companies were mainly suspended due to non-compliance with the listing agreement
Benchmark indices have closed higher by over 1% amid value buying at lower level and short covering by traders, led by financials and index heavyweights
The stock of pharmaceutical company has rallied 41% in past two trading sessions compared to 2% rise in BSE 500 index.
Etihad may pay as much as Rs 750 a share for the stake
LIC Housing Finance, Gruh Finance, and Dewan Housing Finance are up 4-5% on BSE.
BSE FMCG and Oil & Gas indices have surged by almost 2% followed by counters like Metal, PSU, Capital Goods, Banks, Power, Consumer Durable and Healthcare, all gaining by 1% each.
The stock, the largest loser among Sensex stocks, was down 2% compared to 1% rise in benchmark index.
The Nifty has given this bounce back after forming a positive divergence on the 14 day RSI chart. Historically this pattern has given a reliable signal that the markets have bottomed out
Technology shares bucks trend; Infosys, TCS and Wipro down 0.5-1% on profit-taking
The BSE Mid-cap index has advanced 0.74% to 6,488 and the small-cap index is also up 0.74% at 6,337.
Bharat Petroleum leads the sectoral index with 4% gain
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