Market Now: SBI, DLF, RIL among most active stocks in terms of volume

NEW DELHI: State Bank of India, with 0.20 crore shares changing hands, emerged as the most active stock in terms of volume in Friday's early trade even as the market slipped erasing the early gains.

Shares of SBI, the country’s biggest bank, are in focus on Thursday as the lender has been authorised to refer Essar Steel, Bhushan Steel and Electrosteel to the bankruptcy court raising the possibility that some of these companies could be merged in an effort to return them to health. These three companies constitute a big part of NPAs of the banks.

Other major active stocks in terms of volume included Hindalco, DLF, Reliance Industries, SAIL, ICICI Bank, Tata Motors, Vedanta, JSW Steel, Sun Pharma, Bank of Baroda and PNB.

BSE Sensex was down over 50 points at 31,233.77, while Nifty50 was 28.25 points down 9,601.75 around 9.50 am (IST).

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Meanwhile, shares of Magnum Ventures, Simplex Project, Graphite India, KIOCL, Almondz Global, Rajesh Exports and Aditya Birla Money hit their fresh 52-week high in Friday's early trade.