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Bhushan Steel share price rallied as much as 20 percent in the morning after a media report indicated that the global steel giant ArcelorMittal showed interest to buy the company.
Pre-opening: Indian Energy Exchange settled at Rs 1,350 per share in pre-opening trade on the National Stock Exchange, down 18.2 percent compared with an issue price of Rs 1,650.
Market Update: Equity benchmarks extended gains in morning, with the Sensex rising 150.86 points to 32,540.82.
The 50-share NSE Nifty reclaimed 10,200 level, rising 58 points to 10,204.50, supported by Reliance Industries, ICICI Bank, and FMCG stocks.
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