Yes Bank: ETMarkets After Hours

NEW DELHI: Another day, another record! D-Street bulls seem to be in full form as domestic benchmark equities scaled fresh record high on Wednesday with the broader Nifty50 settling above the historic five-digit mark for the first time ever.

Riding high on positive cues, the S&P BSE Sensex on Wednesday gained 154 points to end the session at 32,382 with Tata Steel (up 2 per cent) being the top gainer and Axis Bank (down 3 per cent) the worst laggard.

The NSE’s Nifty closed 56 points higher at 10,020.65 with 30 components in the green and rest in the red.

Here’s a look at the stocks and sectors that buzzed on Dalal Street on Wednesday.

Nifty Bank up 1,100 points in 11 days: Continuing its terrific show, the Nifty Bank index added another 150 points in Wednesday’s session to close at a fresh high of 24,671, led by a rally in the private sector banks. The Nifty PSU Bank shed 17 points to close at 3,573 with 10 out of 11 components ending in the red. The Nifty Bank Index has gained an impressive 1,100 points in 11 days.

Metals shine on dollar weakness: The recent rally in global commodities coupled with subdued greenback helped the BSE Metal index to hit its highest level since September 2014 on Wednesday. On a year-to-date basis, the index has surged over 20 per cent to a high of 12,527. Market experts are further bullish on metal stocks.

JP Associates’ terrific run: Stock of Jaiprakash Associates jumped over 7 per cent on Wednesday, taking its gains this month to over 40 per cent. The stock has been on an upward trend ever since shareholding data showed ace investor Rakesh Jhunjhunwala picked up 2.5 crore shares, or 1 per cent stake, in the company during the June quarter. It ended the session 8 per cent higher at Rs 29.

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The index ended 1.74 per cent higher at 12,504, led by a rally in the stocks of Jindal Steel (up over 8 per cent), Vedanta (up 2 per cent) and Tata Steel (up 2 per cent).

Yes Bank spikes on NPA surprise: Shares of Yes Bank scaled fresh record high of Rs 1,716.90 on Wednesday after the private sector lender reported 32 per cent rise in net profit at Rs 965.52 crore for the June quarter. Gross NPAs of the lender fell to 0.97 per cent against 1.52 per cent on a quarter on quarter basis while net NPAs saw a massive improvement of 0.39 per cent compared to 0.81 per cent in the previous quarter.

RIL ends at record high: Shares of Mukesh Ambani-led Reliance Industries closed at a record high of 1,623, up 1.29 per cent. The stock of oil-to-telecom conglomerate has been on a high owing to a slew of factors including strong quarterly numbers, launch of JioPhone and announcement of a bonus issue of 1:1 during its 40th AGM last week.

Most active stocks: JP Associates (up 8 per cent), Suzlon Energy (up 0.20 per cent) and Unitech (down 1 per cent) emerged as the most active stocks in terms of volume, while Yes Bank (up 6 per cent), HDFC (up 0.09 per cent) and RIL (up 1.29 per cent) were the most active in terms of value.

Spurt in open interest: Shares of KPIT Technologies witnessed biggest spike in open interest contracts at 185.27 per cent, followed by Yes Bank (41.36 per cent) and JP Associates (38.31 per cent).

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