Business India

BSE Live: RBL Bank Surges on Strong Results, Upper circuit in POLARIS on delisting proposal

BSE Live: RBL Bank Surges on Strong Results, Upper circuit in POLARIS on delisting proposal
Written by Ashish Sharma

Indian Markets Open Flat on Thursday Morning after touching record highs on Wednesday.At 11:58 IST BSE dropped 33 points to 33008 while Nifty is 5 points up to 10300. Profit booking is seen in the shares of SBI, ICICI Bank, Bank of Baroda, fell to 1-3%.Nifty banking Index turned green backed by PNBYes Bank, RBL Bank,IndusInd Bank, and HDFC Bank with mild gains of 0.3 to 3%. The Rally continues in the banking sector to the third consecutive day after the government announced the recapitalization plan in the Public sector Banks.

Polaris, DBIL, and SAIL are the Top performers on BSE index. Polaris jumped 20% to 291 and locked upper circuit on delisting proposal, DBIL was up 13% to 914.35 and Whereas SAIL gains 8 points to 75.HCL Tech and JP Associates are the top losers on BSE at 12:10 IST followed by UCO bank and TATA COMM.

Today RBL Bank posted strong Q2 results. The bank reported 68 per cent rise in net profit to Rs 150 crore in the second quarter which ended in September 2017.At 12:14 share jumped 14 points to 539 on NIFTY.

Asian markets opened Mixed today.Nikkei gained 0.15%, and Hong Kong’s Hang Seng was down 0.37%, while Shanghai Composite Index up 0.26% in early trade. The US S&P closed 0.47% down on Wednesday.The Australian dollar Dropped after CPI missed expectation

About the author

Ashish Sharma

Ashish is a techie who is a finance and stocks hobbyist. He loves to contribute and create awareness by writing on business and finance