At 10.13 Hrs on Tuesday morning Nifty inches closer to 6000, bank shares build on gains
Key equity benchmarks Sensex and Nifty leapt rallied in early trade Tuesday, with brokers attributing the surge as sentiment-driven more than anything else. The Sensex climbed to a 20-month high and the Nifty to a 23-month high.
Brokers said the market is betting that the Banking Laws Amendment Bill, a key policy reform, will be passed in Parliament today. Overall, the Winter Session of the Parliament has turned out to be better than expected with the ruling UPA-coalition managing to push through the contentious retail FDI Bill, and a few other important Bills like anti-money laundering and debt recovery.
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