Positive Momentum On Stocks, Nifty Bank Continue On Rise

Key benchmark indices seen strong on Wednesday morning, with the Nifty Bank index continue gains at a record high.

The BSE Sensex stood up over 151 points at 38,384 levels while the Nifty50 gained over 36points to trade around 11,520-levels. Among sectoral indices, the Nifty Banking index gains at significant high of 30,043, with IndusInd Bank, PNB and Yes Bank drawing the highest gains at 10.10am.

Among major gainers on the Nifty are IndusInd Bank, Yes Bank, Indiabulls, Vedanta and Seel, while HPCL, Eicher Motors Tech Mahindra and NTPC are trading lower on the NSE.
Shares of GMR infrastructure gained 1.80% after its airport business gets investment proposal of Rs8,000-Crore.

Shares of RBL Bank rose 1.85% after reports that Black Rock group has bought an undisclosed stake in the Co from Gaja Capital in block deals.