Wednesday 25 May 2016

Sensex & Bank Nifty soar 400pts, Nifty eyes 7900; Tech Mah up 7%

Epic Update Tech Mahindra
Epic Update Tech Mahindra

Equity benchmarks maintained morning gains, tracking global cues. The Sensex surged 427.80 points or 1.69 percent to 25733.27 and the Nifty rose 139.30 points or 1.80 percent to 7888.15, driven by banking & financials, technology, infra and auto stocks.

The BSE Midcap and Smallcap indices gained 1 percent each. The market breadth remained positive as about two shares advanced for every share falling on Bombay Stock Exchange.

Bank Nifty topped buying list, rising 2.5 percent or 400 points as ICICI Bank, SBI and Axis Bank surged 2-4 percent. Tech Mahindra surged more than 7 percent after a 18 percent rise in Q4 profit.

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