The shares of Yes Bank rose as much as 7.6 percent, the most in over two weeks to Rs 205.50.
A search panel entrusted with finding Rana Kapoor’s successor to lead Yes Bank has shortlisted multiple names, including those serving a foreign as well as domestic lenders, two sources told PTI on Friday.
The stock was the best performer on Sensex and Nifty. The scrip declined 34.9 percent so far this year compared to a 6.1 percent advance in the Sensex.
Federal Bank: About 11.5 lakh shares changed hands in a single block deal.
HDFC Standard Life: About 18.5 lakh shares changed hands in a single block deal.
Government To Raise Rs 14 Lakh Crore Through 4th Tranche of CPSE ETF
The government will next week launch the fourth tranche of CPSE Exchange Traded Fund to garner up to Rs 14,000 crore, investment banking sources told PTI.
The government has already raised Rs 11,500 crore in the earlier three tranches of the ETF, which functions like a mutual fund scheme and the issue will open early next week and investors would get 3.5-4 percent discount over the issue price, PTI reported quoting sources.
Nifty At Above 200-Day Simple Moving Average
Blue Star At Over Two-Month High
Shares of the air conditioner manufacturer rose as much as 10.4 percent to trade at over a two-month high at Rs 674.90.
Trading volume was 43.8 times its 30-day moving average, Bloomberg data showed. The Relative Strength Index (RSI) was at 72, indicating that the stock may be overbought.
Rupee Pare Losses Amid RBI Board Meeting
The Indian rupee pared losses against the U.S. dollar amid the ongoing RBI board meeting. The home currency appreciated as much as 0.21 percent to trade at 71.77 against the greenback.
Surya Roshni Gains On Order Win
The shares of the lamps and lighting accessories maker rose as much as 3.7 percent to Rs 224.70.
The company bagged order of Rs 59 crore for manufacturing, testing and supplying of LED street lights and poles from the government of Odisha, according to its stock exchange notification. The stock declined 43 percent in the past 52 weeks.