Banks lift Sensex over 100 pts, Nifty near 10,050; SBI, ICICI surge

Equity benchmarks remained higher in noon, with the Sensex up 124.60 points at 32,434.48 and the Nifty up 27.90 points at 10,042.40.

About 1,288 shares advanced against 1,061 declining shares on the BSE.

State Bank of India and ICICI Bank gain up to 4 percent after the State Bank of India introduced a 2-tier saving bank interest rate structure with effect from today. Nifty Bank hit a fresh record high.

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Posted in: Indian Market Tips