Nifty stuck below 8600, Sensex in green; banks up on Essar deal

Banks stocks like Axis Bank, ICICI and SBI are gaining on Essar oil deal. Essar Oil deal may directly benefit ICICI Bank’s exposure. ICICI’s ‘watchlist loans’ portfolio stands at around Rs 38723 crore.
ICICI Bank is up 6 percent, Axis Bank, SBI, NTPC and Tata Steel are top gainers in the Sensex. Bharti, Asian Paints, M&M, HDFC Bank and Bajaj Auto are losers in the Sensex.

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Posted in: Indian Market Tips