The benchmark indices on Wednesday are trading positive with Sensex above 37900 and Nifty above 11170 led by Banking and Financial stocks.
Stocks In News at Mid session:
1) Axis Bank
The stock price was up by over 6% on Wednesday opening as the top gainer on the Nifty side also contributing a strong support to the banking sector.The share price hit the day’s high of Rs 483 after opening at 478 after the previous close of 446.The bank posted its net profit at Rs 112.0 Crore and NII at Rs 6985.0 Crore and moratorium amount stands at 9% in value as of June 30.
2) RIL(Reliance Industries Limited)
The stock price on Wednesday was trading higher after seeing a downfall in the prices after the annual general meeting (AGM) that was held earlier last week, The company hit the new record high of Rs 2010.00 which is also the new 52-week high for the share. The company on the same day earlier announced that the quarter results are been postponed and shifted to 30th July.
3)HUL(Hindustan Unilever Limited)
The share price of the company shed by over 2% on Wednesday after opening at Rs 2330 and reaching the day’s low of around Rs 2241 post the Q1 results of the company came out earlier this morning wherein the company posted Net sales at 10560.00 Crore up by 4.41% year over year(standalone). The company is a major stock of the FMCG sector of the market also the company has merged with GSK being the new owner of Horlicks.