Epic Update Axis Bank
Equity benchmarks extended rally in morning trade with the Nifty gradually inching towards 8900 on hopes of further delay in rate hike after weaker-than-expected US jobs data. Auto and banking & financials were key drivers.
The 30-share BSE Sensex was up 277.36 points or 0.97 percent at 28809.47 and the 50-share NSE Nifty rose 78.55 points or 0.89 percent to 8888.20.The broader markets also traded in line with benchmarks as the BSE Midcap gained 1 percent on positive breadth.
About 1411 shares advanced against 559 declining shares on the exchange.
Nifty Bank crossed the 20000 level for the first time since March 4, 2015.
Tata Motors and Axis Bank topped the buying list on Sensex, up 3 percent each followed by HDFC Bank, Infosys, HDFC, ICICI Bank, L&T and Maruti.
Equity benchmarks extended rally in morning trade with the Nifty gradually inching towards 8900 on hopes of further delay in rate hike after weaker-than-expected US jobs data. Auto and banking & financials were key drivers.
The 30-share BSE Sensex was up 277.36 points or 0.97 percent at 28809.47 and the 50-share NSE Nifty rose 78.55 points or 0.89 percent to 8888.20.The broader markets also traded in line with benchmarks as the BSE Midcap gained 1 percent on positive breadth.
About 1411 shares advanced against 559 declining shares on the exchange.
Nifty Bank crossed the 20000 level for the first time since March 4, 2015.
Tata Motors and Axis Bank topped the buying list on Sensex, up 3 percent each followed by HDFC Bank, Infosys, HDFC, ICICI Bank, L&T and Maruti.
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