Market front-line indices were trading in negative territory through early afternoon trade. Banks stocks were in demand. At 3.00-pm, the BSE Sensex was down 105-pts at 37,164.97. The Nifty50 index was down 35-pts at 10999.80
The Nifty PSU Bank index saw some buying pressure. The Index trade higher by 2,509.85 points. Up 0.60% led by gains seen in Bank of Baroda, State bank of India, Central Bank, and Bank of India.
Shares of State bank of India rose 0.80% after the bank said that the ECCB has approved the divestment of 3.50-cr together with 1-Crore equity shares in SBI Life Insurance Co to achieve Minimum Public Shareholding of 25% through Offer for Sale (OFS) route through Stock Exchange mechanism as per the regulatory direction.
Financial sectoral stocks are also seen in positive terrain. Indiabulls Ventures were trading higher up 5.55%, Indiabulls Housing Finance up by 4.75%, Reliance Capital (up 3.06%), Edelweiss Financial Services, up 3.30%, and ICICI Bank u by 2.46% among major gainers. avail top stock Tips and for updated nifty future trading tips visit our website.