Indices continued to perform on a bullish note, however, the benchmarks Sensex and Nifty has retreated from its day's high. At around 11.07 AM, Sensex trades at 42,357.85 higher by 464.79 points or 1.11%. Similarly, Nifty performs at 12,391.55 above 128 points or 1.04%.
Sensex gainers including stocks like -
Bharti Airtel, Axis Bank and Axis Bank gaining by 3% each. While Bajaj Finance, Tech Mahindra and
HDFC Bank have advanced by near 2%.
However, Sensex losers involved
ITC stock in the lead, followed by SBI. The stocks have plunged by nearly 1% each. Maruti Suzuki also saw a marginal drop, while HCL Tech was trading on a flat note, however, in red.
Market performs higher as buying is witnessed in all sectoral indices. Notably, it would be banking stocks that witnesses outperformance.
BSE Bankex was trading at 31,227.31 up 483.15 points or 1.57%. Nifty Bank was performing at 27,215.75 higher by 1.56%.
On Bankex, ICICI Bank, Axis Bank, Bandhan Bank, HDFC Bank, IndusInd Bank, Federal Bank, RBL Bank and Kotak Bank have gained in the range of 0.50-3%. However, SBI was the sole underperformer.
IT, financials, metal, pharma, oil and gas, power, realty and FMCG also contributed to the gains.
Tracking domestic equities upside, the Indian rupee opened 25 paise higher at 73.95 against the greenback. In the previous closing, the local currency stood at 74.20 per dollar.
Indian markets track rally of global cues after Democrat Joe Biden won the US Presidential elections with 290 electoral votes.