3:12 p.m.: The BSE Sensex and Nifty rose more than 1 per cent on Thursday, heading for their highest close in nearly 2-1/2 weeks, led by a surge in index heavyweight Reliance Industries for a fifth day, on optimism the company would begin 4G phone services in December.
"Seems like bulls are trying to put a bottom in place. The herd mentality of being underweight on India is at its peak," G. Chokkalingam, founder of Equinomics, a Mumbai-based research and fund advisory firm told Reuters.
2:54 p.m.: Abhishek Anand, fund manager at Centrum Broking, said volatility is likely to continue for some time in the markets with stock-specific movement. After the correction, valuations have down to a comfortable zone while the second half of the year will give an indication about the earnings trajectory, he added. Mr Anand maintains positive stance on private sector banks.
2:45 p.m.: Shares of housing finance companies were in the spotlight today, surging up to 5 per cent, after the government gave its approval to the launch of 'Housing for All by 2022' scheme, paving the way for affordable homes to the urban poor and slum dwellers at lower interest rates.
2:35 p.m.: Shares of Amtek Auto plunge 15 per cent in noon deals to hit intraday low of Rs 129.80 on the back of heavy volumes. Trading volumes on the counter surged seven times as 2.1 million shares changed hands on the Bombay Stock Exchange compared to average of 3 lakh shares traded daily in the past two weeks.
2:26 p.m.: IT stocks were also witnessing buying interest in afternoon deal. The BSE IT index jumped 0.7 per cent; Wipro, HCL Technologies, TCS and Infosys were among the top gainers.
