Sensex rallies over 500 points; Bank Nifty index outperforms

Sensex rallies over 500 points; Bank Nifty index outperforms

Equity benchmark indices extended its rally in the late morning trade, 
with the Sensex was at 41,329,up 513 points and the Nifty50 was up 151 points at 12,177.

All the sectoral indices on the NSE were trading in green with the Nifty Media index climbing over 2% led by Balaji Telefilms, TV18 Broadcast, Zee, Network18 and Sun TV.

Shares of Inox Leisure, TV Today, Dish TV, Saregama and DB Corp were also up in the range 
of 1-2%, each.

The Nifty PSU Bank index also surged by 2% at 2,452.10 levels. Maharashtra Bank and SBI 
are among the top gainers on the banking index, up 3% each. Followed by gains seen in Indian 
Bank, Canara Bank, J&K Bank, Bank of Baroda, Union Bank and Punjab National Bank.

The Bank Nifty index also gained over 550 points at 31,924.15. The index opened at 31,748.25 and touched high at 31,977.40 in today’s trade.

Shares of RBL Bank and Federal Bank were up 3% each, IndusInd Bank, SBI, ICICI Bank, IDFC First Bank, Axis Bank, Yes Bank and 
Kotak Mahindra Bank were also up in the range of 1-2% in today’s trade.

Cox & Kings Ltd, MMP Industries Ltd, Agro Phos India Ltd, Trejhara Solutions Ltd, GI Engineering Solutions Ltd, Vimal Oil & Foods Ltd, DQ Entertainment (International) Ltd, 
GTL Infrastructure Ltd shares touched a 52-week low on the NSE.

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