Sensex up nearly 300 pts, Nifty reclaims 10,250; PSU banks dip

Nifty PSU Bank was only loser among sectoral indices, falling 0.7 percent.

Union Bank of India, SBI, Bank of India, Syndicate Bank, PNB, Andhra Bank and Canara Bank fell 0.2-1 percent.

The rally continued at Dalal Street in noon as the Sensex surged nearly 300 points intraday, driven by broadbased buying except PSU banks.

Nifty Bank index gained more than 200 points while Auto, FMCG, Metal, Pharma and Private Bank indices were up 1-2 percent. PSU Bank fell 0.7 percent.

The 30-share BSE Sensex rose 265.07 points to 33,214.28 and the 50-share NSE Nifty gained 84 points at 10,250.70.

About 1,595 shares advanced against 795 declining shares on the BSE.

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Posted in: Indian Market Tips