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Benchmark NSE Nifty index was trading 14.35 points up at 14924.80 on Wednesday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Adani Power, Adani Total Gas, Firstsource Solutions, IIFL Finance, KEI Industries, MindTree, NRB Industrial Bearings, Pritish Nandy Communications, Sundram Fasteners, Vedanta and PTC India.
Overall, 17 shares were trading in green in Nifty50 index, while 33 were trading in red in the afternoon trade.
In the Nifty 50 index, ITC, HDFC Bank, TCS, Tech Mahindra and HDFC were among top gainers, while BPCL, Coal India Ltd, ONGC, NTPC and GAIL were trading in red.
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Benchmark NSE Nifty index was trading 97.15 points up at 15026.65 on Tuesday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Adani Green Energy, Centrum Capital, Deepak Fertilizers, Edelweiss Financial Services, Eris Lifesciences, IIFL Finance, Infosys, JBM Auto, MindTree, L&T Technology Services, Persistent Systems and UPL.
Overall, 35 shares were trading in green in Nifty50 index, while 15 were trading in red in the afternoon trade.
In the Nifty 50 index, Asian Paints, HCL Tech, Infosys, TCS and Dr. Reddy s were among top gainers, while Tata Steel, JSW Steel, Divi s Labs, BPCL and Coal India Ltd were trading in red.
Read more about Volumes jump at General Insurance Corporation of India counter on Business Standard. General Insurance Corporation of India saw volume of 3.54 lakh shares by 10:48 IST on BSE, a 4.99 fold spurt over two-week average daily volume of 70998 shares
Fitch affirms IIFL Finance at B-plus with stable outlook ANI | Updated: Mar 16, 2021 15:05 IST
Singapore, March 16 (ANI): Fitch Ratings on Tuesday affirmed IIFL Finance Ltd s long-term issuer default rating at B-plus and removed the rating from rating watch negative (RWN).
The outlook is stable, reflecting Fitch s view of easing downside risk to the company s credit profile due to less adverse economic and funding conditions which is expected to be broadly sustained in the coming year.
The ratings were placed on RWN in March 2020 and maintained on RWN at the last review in September 2020.
IIFL Finance s rating is driven by its standalone credit profile, reflecting its moderate local franchise and diversified loan portfolio, balanced against more opportunistic strategy and execution, exposure to higher-risk loan segments and a more market-sensitive funding profile that is less cushioned by contingent funding and liquidity buffers relative to