NEW DELHI: With over 3.37 crore shares changing hands, the counter of Bank of Baroda was buzzing as the most traded stock on NSE early Tuesday.Shares of Bank of Baroda (BoB) plunged 14 per cent on NSE today after the government proposed the merger of three banks Bank of Baroda, Vijaya Bank and Dena Bank aimed at creating the countrys third-biggest lender.
The boards of the three banks will now consider the proposal.
Bajaj Hindusthan Sugar (number of shares traded: 3.26 crore), Reliance Communications (1.91 crore), Balrampur Chini (1.61 crore) and Vijaya Bank (1.59 crore) were up next in the league of most traded stocks.Bank of Baroda (Rs 411.62 crore) was leading the pack of most active stocks in value terms as well.
Balrampur Chini (Rs 150.79 crore), YES Bank (Rs 144.73 crore), Reliance Industries (RIL) (Rs 122.27 crore), State Bank of India (Rs 117.84 crore), ICICI Bank (Rs 109.68 crore), Axis Bank (Rs 106.10 crore) and Vijaya Bank (Rs 98.80 crore) also featured among the most active stocks in value terms in that order.
Equity benchmarks were flat amid mixed global cues after the US President announced 10 per cent tariff on $200 billion worth of Chinese imports.
The NSE Nifty index was trading 3 points down at 11,374, while the BSE Sensex was up 9 points at 37,594 around 09:45 am.In the Nifty index, 22 stocks were trading up, while 28 were down.Hindustan Unilever, YES Bank, UPL, Dr.
Reddy's Laboratories and Asian Paints were among the top gainers in the Nifty index.Power Grid Corporation, Tech Mahindra, Tata Motors, Vedanta and State Bank of India were among the top losers in the Nifty pack of stocks.