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First Trade: Nifty hovers above 24,960 levels; realty top sectoral gainer | Zee Business

Published 1 week ago2 minute read

Indian equities in Tuesday's session traded amid escalating geo-poltical tensions opened margfinally. At the open, Nifty started the session higher by 16 points or 0.07 per cent at 24,962.75, while the BSE Sensex traded with gains of 80.43 points or 0.1 per cent at 81,876.58. Meanwhile, the Bank Nifty traded with a mild cut.

From the broader markets, smallcap plunged sharply, underperforming the headline indices.

Within the Nifty50 basket, top gainers in early trade included stocks like Kotak Mahindra Bank, Axis Bank, NTPC, SBI and ICICI Bank, while laggards were ONGC, Tata Motors, Titan, Trent and Bajaj Finance.

Hindustan Zinc: Shares of the metal company will trade ex-dividend for Rs 10 per share dividend.

Vishal Mega Mart: A Rs 9,900 crore block deal is expected in the retail company with promoter Samayat Services expected to offlload 22 per cent stake in the company. For the block deal, the floor price is pegged at Rs 110 per share, a 12 per cent discount.

 Tanla Platforms: The midcap company announced a Rs 175 crore share buyback of 20 lakh equitty shares  at a nearly 34 per cent premium to the previous closing at Rs 875 per share. 

Most Asian stocks traded in a low-to-flat range as investors continued to remain on the sidelines amid the rising Iran-Israel conflict as US President Donald Trump requested for the evacuation of Tehran.

Meanwhile, major central bank meetings are in focus with Bank of Japan due to announce its rate decision later today. The key MSCI Asia Pacific ex Japan index traded with marginal gains of 0.32 per cent.

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