Market Update; Indices trade Lower, CSB bank list today


Markets see negative trends on benchmarks today 4th December with Nifty surrounding to 11,950-level.
At 9.31-am, the Sensex is down 114-pts at 40561.29 whereas the NSE’s Nifty down 35.90 points at 11958.30.
Bharti Infratel, Tata Motors, ICICI Bank, TCS and Wipro are among major gainers on the Nifty, while Yes Bank, JSW Steel, L&T, Tata Steel and IndusInd Bank were early losers.
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Among sectoral stocks, barring IT and Media, all other sectors are seeing selling, led by a major slip in metal and banking indices.
Shares of CSB Bank Limited, formerly named as Catholic Syrian Bank, will be listed in the NSE and BSE today. CSB’s initial public offering (IPO) was subscribed 86.9 times the last day. The IPOs price band were fixed at Rs193 to195-apiece.

Shares of HDFC AMC trade lower by 1.5% to Rs.3,390.80 after Standard Life Investment has proposed to sell upto 2.23pc stake via ofs route.
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Among stock buzz, Yes Bank share price trade lower by 2.18% after the bank sold its complete stake of 13.77-lakh shares, representing 5.49% of the paid-up share capital of One-Point-One-solutions.

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