Nifty Bank hits 25,000 ahead of F&O expiry, Sensex soars 290 pts

Benchmark indices remained strong, with the Sensex rising as much as 290 points in late morning trade and Nifty Bank hit 25,000-mark for the first time.

The 30-share BSE Sensex was up 246.26 points at 32,628.72 and the 50-share NSE Nifty gained 77.30 points at 10,097.95 despite weak market breadth.

About 1,239 shares declined against 1,108 advancing shares on the BSE.

 HDFC was the biggest gainer, up 4 percent as Bank of America Merrill Lynch maintained its buy rating on the stock and raised target price to Rs 1,925 after strong earnings.

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