Sensex extends gains, Nifty inches towards 8300; Axis Bank down

Benchmark indices extended gains in afternoon with the Nifty inching towards 8300, driven by HDFC Bank, Tata Motors, Reliance Industries and ITC.
The 30-share BSE Sensex was up 172.58 points at 26899.13 and the 50-share NSE Nifty gained 45 points at 8281.05. The BSE Midcap and Smallcap indices were up 0.3-0.6 percent on positive breadth.
HDFC Bank, Tata Motors, Reliance Industries, Adani Ports, Asian Paints and ICICI Bank were leading contributors to Sensex’s gains, up 1-3 percent whereas Axis Bank fell more than 1 percent followed by HDFC, Dr Reddy’s Labs, HUL and Cipla.

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