All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks and automobiles

Dec 12, 10:24 AM (IST)
Buzzing: Share price of Ashok Leyland jumped 3 percent intraday Wednesday after company signed Memorandum of Understanding (MoU) with Israel’s ​ELBlT Systems.

As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems’ artillery guns and systems.

Dec 12, 10:02 AM (IST)
Financials rally: Shares of banks and non-banking financial companies (NBFCs) soared in trade after the government appointed a successor to Urjit Patel. The Centre on Tuesday announced the appointment of Shaktikanta Das, former finance secretary to lead the Reserve Bank of India (RBI).

Yes Bank, Kotak Mahindra Bank, IDFC Bank, Federal Bank, and Punjab National Bank, among others rose 1-4 percent.

In the NBFC space, Indiabulls Housing Finance, HDFC and Bajaj Finance among others, too, rose up to 2 percent.

Dec 12, 09:41 AM (IST)
Banks under PCA rise Banks such as Allahabad Bank, Oriental Bank of Commerce and United Bank of India, among others, are surging in trade today after Shaktikanta Das was chosen as the RBI Governor.

Dec 12, 09:22 AM (IST)
Yes Bank surges Shares of Yes Bank traded around 3 percent higher ahead of its Board Meeting to name a successor to Rana Kapoor.

Dec 12, 09:18 AM (IST)
Market opens It is a positive start for the market on Wednesday morning, as investors reacted to double news of Shaktikanta Das being appointed RBI governor as well as results to state elections in five states.

The Sensex is up 128.23 points or 0.36% at 35278.24, while the Nifty is higher by 33.20 points or 0.31% at 10582.40. The market breadth is positive as 314 shares advanced, against a decline of 93 shares, while 12 shares were unchanged.

All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks and automobiles.

Shares of Yes Bank and Sun Pharmaceuticals and Indiabulls Housing were the top gainers, while Coal India, ICICI Bank, and Dr Reddy’s Laboratories lost the most.

source:   moneycontrol.com