Sensex up over 250 pts, Nifty above 8300; Banks outperform

The market does a somersault and surges ahead. The Sensex is up 285.89 points or 1 percent at 27462.88, and the Nifty is up 89.60 points or 1 percent at 8303.40.About 1565 shares have advanced, 1069 shares declined, and 148 shares are unchanged.

Bank Nifty soars 3 percent on short covering. Pull back seen in select mid cap stocks after recent sell off.

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Posted in: Indian Market Tips