Benchmark equity indices settled the intraday trade on a mixed note tracking fall in banking and IT stocks in Monday’s choppy session. The 30-share BSE index was trading 17.14 points or 0.04 per cent lower at 41,558, and the broader NSE Nifty rose 10.05 points or 0.082 per cent to 12,255.85. Mahindra and Mahindra was the top gainer in the Sensex pack, followed by Hero Moto, Nestle and Tata Steel. On the other hand, ICICI Bank, Axis Bank HUL, SBI and TCS were also trading in the red.
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Earlier in the day, Prince Pipes and Fittings made a stock market debut December 30 with a 10 percent discount to issue price. The scrip opened at Rs 160 on the NSE and BSE as against final issue price of Rs 178 per share.
In the previous session, the 30-share gauge ended 411.38 points, or 1 per cent, higher at 41,575.14. Similarly, the broader NSE Nifty closed 119.25 points, or 0.98 per cent, up at 12,245.80. Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 81.37 crore, while domestic institutional investors purchased shares worth Rs 125.77 crore on Friday, data available with the stock exchange showed. Gold prices fell by Rs 73 to Rs 39,882 per 10 gram in the national capital amid muted demand. Silver also declined by Rs 156 to Rs 47,910 per kg compared to the last close of Rs 48,066 per kg.
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Source: Financial Express