MUMBAI: At 11:52 hours IST – the 50-share NSE Nifty was trading in a narrow range of 5432-5450. It has been in a range of 5350-5450 since three weeks, though it has seen a rally yesterday.Reliance Industries, ICICI Bank, Bharti, SBI, Hero Honda, DLF, NTPC, BHEL, Jaiprakash Associates, HUL, HDFC, Maruti, Kotak Mahindra Bank, Unitech, Idea and Sun Pharma were keeping the markets in a positive terrain.
On the other side, profit booking in technology, metal and cement companies’ shares along with L&T, ITC, M&M, Tata Motors and Siemens capped the upside. Even Anil Dhirubhai Ambani group companies’ shares like Reliance Power, Reliance Communications, Reliance Infrastructure and Reliance Capital were down by 2%, 1.6%, 1.4% & 0.4%, respectively. RNRL declined 2.4%.
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to two of Anil Dhirubhai Ambani Group (ADAG) companies—Reliance Natural Resources (RNRL) and Reliance Infrastructure and asked the two to appear for a personal hearing on September 3. It also summons Anil Ambani and four other directors. CNBC-TV18 learns that notice could pertain to investment of Pluri in Reliance Infra and RNRL.
The Sensex was trading at 18115, up 34 points and the Nifty was at 5440, up 8 points. The BSE Midcap Index was up 0.34% and Smallcap up 0.7%.
Aster Silicates (down 19.5%), SBI (up 0.7%), ICICI Bank (up 2.3%), Aban Offshore, Reliance Industrial Infra, Reliance Industries (up 1%) and BHEL were the most active shares on exchanges.
