Sensex, Nifty rangebound; IDBI Bank up 4%, DHFL hits record high

Sensex, Nifty rangebound; IDBI Bank up 4%, DHFL hits record high

Wednesday, October 19, 2016
dhflBenchmark indices remained rangebound in noon trade with the Nifty hovering around 8675 level as investors awaited September quarter earnings.
The 30-share BSE Sensex was down 31.65 points at 28019.23 and the 50-share NSE Nifty fell 8.75 points to 8669.15. The broader markets continued to outperform benchmarks on positive breadth.

About 1561 shares advanced against 922 declining shares.

IDBI Bank rallied 4 percent as four bidders are in race to buy stake in the bank.

DHFL shares hit a record high of Rs 334.70, up nearly 18 percent in four consecutive sessions. While maintaining buy rating on the stock, Nomura raised target price Rs 375 per share from Rs 250 after September quarter earnings.

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