Indices trade higher despite a slowdown in trade of PSU Bank stocks.
BSE Sensex is trading at 50,831.83 up 217.54 points or 0.43%.
Nifty50 is trading at 14,939.15 up 43.50 points or 0.29%. Nifty Bank is trading up 1.24% at 35,782.25 while Mid-cap Index is down by 1.66%.
State Bank of India, Kotak Bank, DR Reddy, Tata Steel and UltraTech Cement are the top gainers while Bharti Airtel, Tata Motors, Maruti, Axis Bank and UPL are the top losers.
Nifty Banking and Financial Services stocks stay bullish despite dip in trade. Media, Auto and IT stocks drag.
Out of 50 stocks traded on the NSE, 21 advanced, 28 declined and 1 unchanged.
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