Stock Market LIVE: Sensex Gains Over 350 Points, Nifty Rises 0.5% As Axis Bank, HDFC Bank Shares Lead
The Nifty 50 and Sensex were trading 0.48% and 0.43% higher, respectively, as of 10:06 a.m. Follow NDTV Profit's blog for live updates on stock price movements, stock market news, and analysts' view.
IPO News: Rubicon Research Debuts At Nearly 30% Premium
After receiving an overwhelming response for its initial public offer, Rubicon Research Ltd. listed on the exchanges at nearly 30% premium to its issue price.
Rubicon Research listed on National Stock Exchange at Rs 620, which implied 27.84% premium over its issue price of Rs 485. It listed on BSE at Rs 620.10 apiece, which indicated a premium of 27.86%.
Stock Market LIVE: MRPL Share Price Rises To Over Two-Month High As Q2 Net Profit Surges
Mangalore Refinery & Petrochemicals Ltd. share price jumped 8.73% to Rs 154.5 apiece, the highest level since July 24.
MRPL Q2 Earnings Key Highlights (Consolidated, QoQ)
Net profit at Rs 627 crore versus loss of Rs 271 crore
Revenue rose 30.5% to Rs 22,649 crore versus Rs 17,356 crore
Ebitda at Rs 1,489 crore versus Rs 180 crore
Margin at 6.6% versus 1%
Stock Market LIVE: Axis Bank Share Price Hits Over Three-Month High
Axis Bank Ltd. share price rose 4.04% to Rs 1,216.90 apiece, the highest level since June 30. It was trading 2.89% higher at Rs 1,203.70 apiece as of 9:31 a.m.
Sectoral Indices At Open: Nifty Realty Rises The Most
On National Stock Exchange, 12 sectoral indices advanced, one was flat, and two declined out of 15.
Nifty Contributors: Axis Bank, HDFC Bank, ICICI Bank Support Gains
Axis Bank Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Eternal Ltd, and Kotak Mahindra Bank Ltd. added to the NSE Nifty 50 index.
HDFC Life Insurance Co., Shriram Finance Ltd., SBI Life Insurance Co, State Bank of India, and Tata Consultancy Services Ltd. limited gains to the NSE Nifty 50 index.
