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Monday, August 01, 2016

Nifty hovers around 8700, Sensex strong; Advanced Enzyme up 38%

advanced-enzyme-technologies

Equity benchmarks maintained early gains with the Sensex rising more than 150 points ahead of meeting of BJP and Congress to discuss and solve issues related to Goods & Services Tax (GST) Bill.

The 30-share BSE Sensex was up 176.64 points at 28228.50 and the 50-share NSE Nifty gained 54.10 points at 8692.60. The market breadth remained positive as about 1365 shares advanced against 593 declining shares on the BSE. 

Advanced Enzyme started off first day on a strong note, hitting an intraday high of Rs 1,238.70, up more than 38 percent over issue price of Rs 896 after opening at Rs 1,210. 

TCS, HDFC, Tata Motors, HDFC Bank and ITC were top five contributors to Sensex’s gains while ICICI Bank topped the selling list, down 2.4 percent after higher than expected slippages and provisions in Q1. 

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