Market Mid-Session, Bank stocks rise


Benchmark indices opened lower in the morning session, traded near the flat line in the mid-morning, and fluctuated with gains and losses and further moved higher in the mid-session. At 1.10-pm, the BSE Sensex was up 221 points at 31,965 and the NSE Nifty50 index was also higher by 58 points at 9,340-level.

IndusInd Bank surged 11.40-pc, Axis Bank surged over 4-pc ahead of fourth-quarter results today, and were among top Nifty gainers. The other gainers included are HDFC, Bajaj Finance and ICICI Bank. On the other hand, top losers include NTCP, Vedanta, Cipla, Nestle India and Sun Pharma.

Bank Nifty is currently trading higher over 483 points or 2.41-pc at 20,564.25 with major gains in IndusInd Bank and RBL Bank. Track the best Bank Nifty tips, Best stock tips to follow through the expert.

In the other indices, Nifty financial, Nifty Private bank and PSU Bank see buying pressure, while FMCG and Pharma witness largely with selling pressure.

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