Share Market LIVE: Sensex, Nifty move between gains and losses; Tech Mahindra, HCL Tech top index gainers

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices began saw a volatile opening to Tuesday’s trading session. Nifty 50 index reached fresh all-time highs of 15,778 but failed to hold on to the highs and was soon down, trading flat. Sensex was just below 52,400. Tech Mahindra, NTPC, HCL Technologies and Infosys were some of the top-performing stocks on Sensex. ICICI Bank, Kotak Mahindra Bank, Reliance Industries, and Axis Bank were the top laggards. Broader markets were outperforming the benchmark indices during the early hours of trade. India VIX, the volatility index, was down 4%.

Banks have so far identified Rs 89,000 crore worth of stressed accounts that will be transferred to the proposed National Asset Reconstruction Company ltd (NARCL). The said amount has been derived from 22 stressed accounts that have been singled out by the lenders. The chairman of Indian Banks’ Association (IBA), Rajkiran Rai G, said banks have identified accounts that can go to the ARC in the first phase and have arrived at this number. “However, once the ARC is formed, the management will look at these assets and only if they find that it is worthwhile, they will make an offer,” Rai said.

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