The key equity barometers recovered from early losses and edged into positive territory in morning trade. Trading activity remained rangebound due to absence of strong domestic triggers and the year-end holiday period. The Nifty traded above the 25,950 mark while volatility may persist owing to the Nifty F&O expiry.
Metal shares rebounded sharply after declining in the previous trading session.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 80.69 points or 0.09% to 84,776.42. The Nifty 50 index rose 20.05 points or 0.08% to 25,962.15.
In the broader market, the S&P BSE Mid-Cap index fell 0.02% and the S&P BSE Small-Cap index shed 0.11%.
The market breadth was almost even. On the BSE, 1,778 shares rose and 1,773 shares fell. A total of 237 shares were unchanged.
New Listing:
Shares of Gujarat Kidney and Super Speciality were currently trading at Rs 115.25 at 10:20 IST on the BSE, representing a premium of 1.10% as compared with the issue price of Rs 114.
The stock debuted at Rs 120.75, marking a premium of 5.92% to the issue price.
So far, the stock has hit a high of 123.25 and a low of 114. On the BSE, over 11.13 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Metal index jumped 0.77% to 10,872.15. The index shed 0.16% in the past trading session.
Hindustan Copper (up 6.43%), Jindal Stainless (up 1.88%), National Aluminium Company (up 1.6%), NMDC (up 1.04%), Hindalco Industries (up 1.02%), Steel Authority of India (up 0.64%), Hindustan Zinc (up 0.56%), Jindal Steel (up 0.5%), JSW Steel (up 0.42%) and Vedanta (up 0.4%) surged.
Stocks in Spotlight:
Rail Vikas Nigam (RVNL) rose 0.04%. The company said it has emerged as the lowest bidder (L1) for a contract worth Rs 201.23 crore from East Coast Railway.
Niraj Cement Structurals added 2.07% after the company has secured a Rs 34.86-crore contract from Mumbai Metropolitan Region Development Authority (MMRDA) for building linkway foot overbridges (FOBs) at the Metro Line-7 Goregaon (East) station.