Thursday, 21 December 2017

Nifty above 10,450 mark; HDFC Bank, Sun Pharma stocks lead

Shrugging off weakness in other Asian markets, domestic benchmark share indices started today's session on a positive note led by gains in index majors Housing Development and Finance Corp and ITC. Among sectors, Nifty Pharma, Nifty Metal, and Nifty Energy were the top performers.

At 9:51 AM, the BSE Sensex was trading at 33,793, up 16 points, while the Nifty50 was ruling at 10,457, up 14 points.

Among specific stocks, shares of Varun Beverages rose 7% as the company has entered into a binding agreement with PepsiCo India to acquire franchisee rights.

Shares of Reliance Communications gained 4% today after a report said that Mukesh Ambani's Reliance Jio Infocomm leads the race to acquire the company's assets.

SQS India shares fell 7% after the company's open offer by German company, Assystem Services was at a sharp discount.

Shares of Repro India extended gains for the third consecutive session and rose 3% after a promoter bought stake in the company.

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