Nifty above 17170. Supriya Lifesciences made a grand debut. RBL Bank recovered

Indian benchmark indices trading higher amid positive global cues. Nifty 50 is trading above 17,170 levels right now. All of the sectoral indices are in green. Nifty Media, Nifty Realty and Nifty Consumer Durables are outperforming other indices.

Supriya Lifesciences Ltd. made a grand debut. It listed with gains. Its gains are near to Grey Market Premium. It seems to be one of the successful IPOs of this year.

Yesterday’s stock of the day RBL Bank is now trading in green. RBI’s clarification regarding their decision to appoint an additional director on lender’s board seemed to be helped the stock to recover a bit. RBI has said that its prime concern was the delay in identifying successor of Mr. Vishwavir Ahuja. Inclusion of Mr.Dayal on board as an additional director was to communicate RBI’s stand to the lender, especially on Risk Management. Right now, the stock is up by around 2%.