Shares trade near the days high; private bank stocks advance

4 Jul 2022 , 02:27 PM

The key equity barometers bounced back and traded near the days high in mid-afternoon trade. The Nifty traded above the 15,750 level. Private bank stocks advanced for the third day in a row. At 14:26 IST, the barometer index, the S&P BSE Sensex, was up 153.33 points or 0.29% to 53,061.26. The Nifty 50 index gained 37.50 points or 0.24% to 15,789.55. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.50% while the S&P BSE Small-Cap index added 0.52%. The market breadth was positive. On the BSE, 1,902 shares rose and 1,413 shares fell. A total of 191 shares were unchanged. Numbers to Track: The yield on Indias 10-year benchmark federal paper fell to 7.370% as compared with 7.424% at close in the previous trading session. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 78.9275, compared with its close of 78.9400 during the previous trading session. MCX Gold futures for 5 August 2022 settlement rose 0.28% to Rs 52,061. The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was down 0.03% to 105.11. In the commodities market, Brent crude for September 2022 settlement lost 82 cents or 0.73% at $110.81 a barrel. Buzzing Index: The Nifty Private Bank index rose 1.04% to 17,008.75. The index has added 1.87% in three sessions. IDFC First Bank (up 5.12%), IndusInd Bank (up 2.61%), City Union Bank (up 2.4%), ICICI Bank (up 1.45%), and Federal Bank (up 1.12%) were the top index gainers. Further, RBL Bank (up 0.99%) and Axis Bank (up 0.61%) edged higher. On the other hand, Kotak Mahindra Bank (down 0.37%), Bandhan Bank (down 0.28%) and HDFC Bank (down 0.24%) turned lower. Powered by Capital Market – Live News