After opening the day in green, share markets in India witnessed choppy trading activity throughout the day and are presently trading flat with a negative bias. Sectoral indices are trading mixed with stocks in the IT sector and stocks in the realty sector trading in red. While stocks in the oil and gas sector are trading in green.
The BSE Sensex is down by 30 points (down 0.1%) and the NSE Nifty is trading down by 8 points (down 0.1%). Meanwhile, the BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading up by 0.3%. The rupee is trading at 65.17 to the US$.
Among the most active stocks in the BSE Sensex today are SBI (down 1.1%), NTPC (down 0.3%) and ICICI Bank (down 1.4%). Among the BSE 500 stocks, the most active stocks include PNB (up 1.1%), Fortis Healthcare (up 1 %) and Reliance Communications (down 0.2%).
While this should do for the wrap on active stocks, we notice that many of you are tracking low priced shares as well. Low priced shares are not necessarily cheap or attractive. But then, there’s a lot of interest in them.
Go ahead, have a look at the most active ones here:
In news from stocks in the telecom sector. The last of the smaller telecom companies – Aircel Ltd filed for bankruptcy protections under the Insolvency and Bankruptcy Code, 2016 after the company’s failed attempt in 2017 to merge itself with Reliance Communications.
The company said that it exhausted all options before coming to the decision.
As per Reserve Bank of India guidelines, the company invoked a Strategic Debt Restructuring (SDR) scheme in January 2018, but no agreement could be reached with the lenders with respect to restructuring of its debt and funding.