Nifty Mid-Noon hours Update: Nifty above 10,860 marks, HDFC tops

Nifty Trading Tips, Nifty Future Tips, stock future tips tomorrow, intraday stock tips for tomorrow, nifty expert prediction for tomorrow, best nifty tips for tomorrow,Markets off day’s peak as profit booking weigh in. Banking stocks continue to rally after media report stated that the govt is considering allowing 100 percent FDI in the banking sector.

The Nifty50 index was ruling at 10,859, up 73 points, while the BSE Sensex was trading at 35,437, up 355 points.

Shares of Panacea Biotec rose over 8% after the company inked two long-term agreements with Serum Institute. HDFC Bank has crossed its M-Cap of Rs. 5.00 lakh cr, retaining the third position after RIL and TCS.

Nifty toppers include HDFC Bank (+2.7%), HDFC (+2.31%), ITC (+2.33%), IndusInd Bank (+2.26%) and Yes Bank (+2.41%), while losers were Infratel (-4.53%), Vedanta (- 2.31%), Hindalco (-2.34%), Tata Steel (-2.14%) and HPCL (-1.81%) in today’s trade.
Among 2,011 stocks traded on the NSE, 888 stocks advanced, against 777 declines and 346 remained unchanged today.

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PSU bank stocks were trading up in afternoon trade on Wednesday

equity tips, Nifty Tips, Stock Buzz, Weekly Market Analysis, Market NewsNifty, Sensex continue their rally in afternoon trade led by gains in ITC Ltd, Infosys, and ICICI Bank. The reduction-announcement in additional borrowing by the govt by relieving fiscal deficit worries and hopes of big-ticket changes in the GST in the coming GST council meet also elevated sentiment. Private bank stocks witnessed mixed trend, while PSU bank stocks spiked. The NSE Nifty50 index was up by 55 pts, at 10,756, while the Sensex was 203 pts up at 34,974.

The NSE Nifty PSU Bank index was trading 2.22%t up at 3,622 post lunch hours of trade with all components in the green. Shares of Bank of Baroda, Syndicate Bank, and Punjab National Bank surged over 3 % in the Nifty PSU Bank index.

Shares of OBC, Bank of India, Canara Bank, Allahabad Bank and State Bank of India, Union Bank of India, Andhra Bank and IDBI Bank also rose in different extents.

In the Nifty 50 index, shares of Infosys, Adani Ports SEZ, SBI, Aurobindo Pharma and HPCL were among the top gainers, while shares of Hero MotoCorp, Wipro, Tata Motors, Zee TV and ONGC were among the top losers.

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IT Stock Tips, Expert View: IT stocks spike on Tuesday’s trade

Information Technology stocks were hogging limelight in Tuesday’s trade after global brokerage company Morgan Stanley upgraded ratings for Infosys, Tech Mahindra and HCL Technologies to overweight.

The Nifty IT index was trading 3.13% up at 12,368 in the mid noon hours of trade with all components in the green.

Shares of HCL Technologies (up 4.47%), Wipro Ltd (up 4.13%), TCS (up 3.59%), Tech Mahindra (up 2.91%), Infosys (up 3.74%) and Tata Elxsi (up 1.39%) were the IT stocks with the Nifty IT Index spiking over 2.5 percent.

On the other hand, PSU Banks, Nifty realty and metals index are the top losers.
Among 2013 stocks traded on the NSE, 304 stocks advanced, against 1,374 declines and 335 kept unchanged today.

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