The markets are upbeat through midday trade with benchmark indices holding firm amid cautious optimism. The Nifty 50 is around 25,284, uwhile the BSE Sensex advanced close to 300 points.
That apart, there are some other key buzzers in today’s session as well. Here is a look at the top movers and shakers at this hour:
PSU bank stocks- SBI, PNB
Public sector lenders were in the spotlight once again. The Nifty PSU Bank index rose for the second straight session, up 1.50% at 7,686 by midday, extending its weekly gains. The rally followed the government’s latest reform move revised guidelines for the appointment of whole-time directors at public sector banks.
Under the Appointments Committee of the Cabinet’s new framework, three of SBI’s four Managing Directors will now be selected from public sector banks, while one may be chosen from the private sector. The change signals an attempt to inject diverse management experience and competitive accountability into India’s largest lender.
Following the announcement, shares of State Bank of India (SBI), UCO Bank, PNB and several other state-run banks jumped as much as 4% in early trade. Every constituent of the PSU Bank index was in the green.
Sona BLW Precision Forgings
In the auto components space, Sona BLW Precision Forgings saw brisk activity and heavy trading volumes. The stock was last seen at Rs 440.35, up Rs 10.65 or 2.48%, after touching an intraday high of Rs 448.40 and a low of Rs 430.50.
The stock remains 40.89% below its 52-week high of Rs 745.00, recorded on 24 October 2024, and 15.94% above its 52-week low of Rs 379.80, seen on 7 April 2025. Its market capitalisation now stood at around Rs 27,377 crore.
Tata Communications
Tata Communications continued its run, extending its winning streak to six straight sessions. The stock jumped over 14% to hit an intraday high of Rs 1,938.90 on the NSE, marking a nearly 20% gain over the past week.
A total of 35.86 lakh shares exchanged hands, translating into a turnover of approximately Rs 657 crore. The company’s market capitalisation now stands at Rs 53,722 crore, according to NSE data.
Yes Bank
Yes Bank staged a strong recovery, rising 8.39% to hit a new 52-week high of Rs 24.30 on the NSE. The stock gained for the second consecutive session, with a total rise of nearly 8% over two days. This week could well be the lender’s best weekly performance since May.
Reliance Power
Power sector counters also lit up the screen, led by Reliance Power, which surged 9% to trade at Rs 48.60. The BSE Power Index was up 1.0% at 6,813.5, but Reliance Power clearly stole the show.
