state bank of india: Stock market update: PSU bank stocks rise; BoI, SBI among gainers

as mentioned in Domestic equity market was in the positive territory amid positive Asian cues. NEW DELHI: A majority of public sector bank stocks were trading with gains during morning trade on Tuesday.More than a dozen of lenders led by State Bank of India on Monday signed the inter-creditor agreement, potentially paving the way for speedy resolution of stressed assets.Lenders who have signed the agreements include Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and Exim Bank.No foreign bank or large private banks has signed this deal yet, but officials from Indian Banks' Association (IBA) said more banks are expected to join later this week after they receive approval from their board.The Nifty PSU Bank was trading 0.33 per cent up at 2,878 around 10 am.Shares of Union Bank of India (up 0.95 per cent), Bank of India (BoI) (up 0.87 per cent), Syndicate Bank (up 0.76 per cent) and Allahabad Bank (up 0.72 per cent) were the top gainers in the PSU bank index.State Bank of India (up 0.47 per cent), Oriental Bank of Commerce (up 0.41 per cent), Andhra Bank (up 0.32 per cent), Indian Bank (up 0.22 per cent), Canara Bank (up 0.18 per cent) and Bank of Baroda (up 0.16 per cent) too were up with small gains.Meanwhile, shares of Punjab National Bank, IDBI Bank and IDBI Bank were nearly flat around that time.Domestic equity market was in the positive territory amid positive Asian cues.Benchmark NSE Nifty50 index was up 56 points at 11,141, while the BSE Sensex was up 180 points at 36,899.Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red.Grasim Industries, Ultratech Cement, Hindalco Industries, Vedanta and Zee Entertainment were among the top gainers in the Nifty index.On the contrary, Bajaj Finance, Bajaj Finserv, Hero MotoCorp, Bajaj Auto and Wipro were among the top losers in the Nifty index.

Bharat Heavy Electricals Ltd.: Stock market update: Power stocks light up; BHEL, Suzlon Energy surge over 4%

Vedanta, Larsen & Toubro and Maruti were leading among Sensex gainers. NEW DELHI: Most power stocks were looking bright in afternoon session on Tuesday.The BSE Power index was trading 0.91 per cent up at 1,937 around 12:20 pm, with BHEL (up 4.47 per cent) as the top gainer.Suzlon Energy (up 4.44 per cent), CESC (up 3.50 per cent), KEC International (up 2.59 per cent), ABB India (up 2.53 per cent), NHPC (up 2.37 per cent), JSW Energy (up 2.21 per cent) and Torrent Power (up 2.10 per cent) too were trading higher.Adani Transmission, Siemens, Thermax, GMR Infrastructure, Tata Power Company, Adani Power, CG Power and Industrial Solutions and Reliance Infrastructure climbed up to 1 per cent.However, shares of NTPC (down 0.54 per cent) were in the red, while those of Power Grid Corporation of India (up 0.08 per cent) were trading flat.Benchmark BSE Sensex was up 98 points at 36,817, while the NSE Nifty50 index was up 39 points at 11,124.Among the 50 stocks in the Nifty index, 36 were trading in the green, while 14 were in the red.In the Sensex index, 22 stocks were advancing, while 9 were declining.Vedanta, Larsen & Toubro and Maruti were leading among Sensex gainers.

Eicher Motors Ltd.: Stock market update: Auto stocks move higher; Eicher Motors, Maruti climb up to 2%

as mentioned in In the Sensex index, 22 stocks were advancing, while 9 were declining. NEW DELHI: Most auto stocks were moving higher in Tuesday's session, giving a boost to the sectoral index.The BSE Auto index was trading 1.27 per cent up at 24,343 around 11:4 am, with Bosch (up 4.02 per cent), Ashok Leyland (up 3.03 per cent), Cummins India (up 2.43 per cent) and Eicher Motors (up 2.31 per cent) as the top gainers.Shares of Maruti Suzuki India (up 1.78 per cent), Tata Motors (up 1.41 per cent), TVS Motor Company (up 1.28 per cent), Mahindra & Mahindra (up 1.10 per cent), Exide Industries (up 0.94 per cent), Balkrishna Industries (up 0.66 per cent) and Hero MotoCorp (up 0.46 per cent) were also rallying.However, Apollo Tyres (down 0.54 per cent), Bharat Forge (down 0.51 per cent), Bajaj Auto (down 0.46 per cent) and MRF (down 0.14 per cent) were the drags on the BSE Auto index.Equity benchmarks were in the positive territory on gains in metal, auto and bank stocks.The BSE Sensex was up 120 points at 36,839, while the NSE Nifty50 index was up 48 points at 11,133.Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red.In the Sensex index, 22 stocks were advancing, while 9 were declining.Maruti Suzuki, Larsen & Toubro and Infosys were the key drivers of the rally in Sensex index.

collected by :Molly Tony