It was a day of PSU stocks. Shares of Central Bank of India took a leap of over 17 per cent on plans to raise funds. Its peer Syndicate Bank climbed 13 per cent. BHEL and BEML surged 9 per cent and 4 per cent, respectively, on talks of possible disinvestment in the companies. IT stocks rallied. TCS and Infosys emerged top contributors to Sensex gains. Nifty IT index ended 1 per cent higher. BSE benchmark Sensex crossed 40,000 mark to close at 40,051, up 220 points. It is barely 260 points away from all-time-high. NSE flagship Nifty ended 57 points higher at 11,844, a four-month high. “Sensex regained the 40,000 mark, led by buying in pivotals, short covering and hopes of strategic divestment in PSU stocks,” said S Ranganathan, Head of Research at LKP Securities. Here is a lowdown of movers and shakers of D Street on Wednesday: BHEL, BEML shares surgeBharat Heavy Electricals climbed 8.84 per cent to Rs 58.80 on BSE amid talks of disinvestment in the state-owned entity. Similarly, BEML advanced 4.33 per cent to Rs 1,052.35. Bandhan Bank faces RBI wrathThe Reserve Bank of India slapped Rs 1 crore fine on Bandhan Bank for failing… Read full this story
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After Market: Select PSUs surge, HDFC Life jumps, 60 stocks give ‘buy’ signals have 293 words, post on economictimes.indiatimes.com at October 30, 2019. This is cached page on Movie Breaking News. If you want remove this page, please contact us.