Sensex gains over 200 points, but midcaps off day’s high; DRL up 6%

Equity benchmarks maintained uptrend but Nifty Bank index was off day’s high in afternoon. Positive Asian and US cues continued to support the market but European stocks are expected to open lower amid German political uncertainty.

The 30-share BSE Sensex was up 177.08 points at 33,536.98 and the 50-share NSE Nifty gained 48.40 points at 10,347.20.

About 1,512 shares advanced against 938 declining shares on the BSE.

Nifty Bank was up only 0.1 percent. Gains due to Yes Bank, ICICI Bank, PNB, Canara Bank and HDFC Bank were offset by selling in SBI, Axis Bank, IndusInd Bank, Kotak Mahindra Bank and Bank of Baroda.

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Posted in: Indian Market Tips