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While broader markets opened in green, banking stocks are buzzing on bourses. Federal bank is up by 2.16%, Kotak Mahindra Bank is up by 1.47%, Axis Bank is up by 0.79%, HDFC Bank is up by 0.78%.
HDFC Bank and Kotak Bank contributes 50% to the BSE Bankex sectoral index. IGL is up by 3.56% and Power Grid is up by 1.70%. While Power Grid contributing 38 % to the BSE Utilities index gains.
At 10 AM, the S&P BSE Sensex is trading at 28,418.31 up 128.39 points, while NSE Nifty is trading at 8802.55 up 33.50 points. A total of 40 stocks registered a fresh 52-week high in trade today, while 2 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.40 at 13528.60, whereas BSE Small-cap Index is trading up 0.70% at 13652.04. Some buying activity is seen in Energy, FMCG, Finance and Healthcare indices, while Consumer Durables and Metal indices are showing weakness on BSE.
Power Grid, Aurobindo Pharma, Kotak Mahindra Bank, Tech Mahindra, and Hero MotoCorp are among the gainers, whereas Bank of Baroda, Cipla, BHEL, Hindalco and Coal India are losing sheen on NSE. The INDIA VIX is down 2.17% at 13.06.
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