Sensex trades flat, above 51,700, Nifty gains; SBI, ONGC shares top contributors

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Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading flat on Thursday. BSE Sensex was hovering around 51,800 while the broader Nifty 50 index was ruling 15,250. ICICI Bank, Bajaj Finance, Dr Reddy’s Laboratories, Kotak Mahindra Bank, Mahindra & Mahindra were among the top Sensex laggards. Top BSE Sensex gainers were ONGC, State Bank of India (SBI), IndusInd Bank, NTPC, Tech Mahindra, Asian Paints, Power Grid Corporation of India, among others. Nifty sectoral indices were trading mixed, with Nifty PSU Bank index gaining 3.3 per cent while Nifty Pharma lost nearly half a per cent.

Today is the last day to subscribe to Rs 820-crore RailTel Corporation of India IPO. It was subscribed nearly 7 times on the second day of the bidding process. While Rs 100-crore Nureca IPO was subscribed nearly 40 times during the three-day bidding process. The issue was sold in the price band of Rs 396-400 apiece.

READ  Sensex trims some losses, but still in red, Nifty regains 14,900; financials drag