Sensex up 400 pts, Nifty reclaims 8650; ONGC, Asian Paints down

Benchmark indices rallied further in afternoon trade with the Sensex inching towards 28000 level, driven by HDFC (up 3.37 percent), ICICI Bank (up 4.04 percent) and ITC (up 2.18 percent).
The 30-share BSE Sensex was up 431.16 points or 1.57 percent at 27961.13 and the 50-share NSE Nifty gained 127.40 points or 1.50 percent at 8647.80.
The BSE Midcap and Smallcap indices rose over a percent on strong breadth. About 1832 shares advanced against 848 declining shares on the exchange.
HDFC Bank, Infosys, L&T and Reliance Industries and Axis Bank gained 1-2 percent whereas ONGC and Asian Paints were the only losers among Sensex 30 stocks.

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Posted in: Indian Market Tips