Equity benchmark indices extended rally for the third consecutive session tracking positive global clues. The stock market rallied after the appointment of the new RBI governor and uncertainty surrounding state election outcome receded.
rose 206 points to 35,985, while the Nifty
jumped 65 points to 10,802. The market breadth is positive as 1,234 shares advanced, 308 shares declined, and 493 shares remained unchanged.
stock gained 3% as board meets today to shortlist names for new chairman for RBI’s approval and also consider the appointment of independent directors.
Shares of Bandhan Bank
jumped 5% after the RBI allowed the bank to open 40 new branches.
stock slipped 1.3% on the NSE. The board approved QIP of 17.3cr equity shares. Saurabh Chawla, Group CFO resigned, while Ashok Tyagi (who was the CFO till December 2017) will be the new group CFO.
All sectoral indices are trading higher, with most gains seen in banking, metals, infrastructure, FMCG, IT, and automobiles stocks.
Volatility index India VIX is down 2.51% to 15.41.
The most active stocks were Reliance Industries
, TVS Motors, Sun Pharma, Yes Bank, and HDFC.
Meanwhile, the Indian rupee
opened higher by 34 paise at 71.70/$ yesterday's close of 72.02/$.