Indian stock markets opened positive with a fresh spell of buying in bank stocks, realty stocks, pharma and IT stocks. Shares of Infosys Ltd, DLF Ltd, Bank of Baroda, PNB and SBI were the most active stocks in terms of volume on NSE in Wednesday's morning trade. Metals stocks were also in the league, such as Hindalco Industries, Vedanta, Ashok Leyland, ICICI Bank, Axis Bank JSW Steel and IOC.
DLF Ltd rose 3% to Rs. 183 after its proposal of selling compulsorily convertible preference shares to GIC. Balaji Tele-films Ltd rose 3% to Rs. 158.15 after the company’s approval of allotment of 2.52 crore shares to Reliance Industries for a total consideration of Rs. 413.28 crore.
Mahindra & Mahindra, Alkem Labs, Fortis Healthcare, Bharat Electronics, Nestle India,Gati and Indocount are stocks, which are in the news Wednesday, 23 August 2017.
Trend in FII flows: The FIIs were net buyers of Rs -1157.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 929.84 as per the provisional figures.capitalstars
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