Sensex soars 200 pts, Nifty around 9850; SBI drags PSU Bank index

Equity benchmarks remained higher in morning after nearly 3 percent fall seen in previous two weeks. The rally was driven by Reliance Industries, Tata Motors and ITC.

HDFC Bank recouped early losses to trade mildly higher.

The 30-share BSE Sensex was up 231.34 points at 31,515.06 and the 50-share NSE Nifty gained 65.10 points at 9,853.70.

About 1,481 shares advanced against 662 declining shares on the BSE.

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Posted in: Indian Market Tips