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Axis Bank Q4 Results: Net Profit Stood At Rs 7,130 Cr, NII Grew By 11%; Rs 1/Share Dividend Declared -
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No Onboarding Of New Customers Via Online, Mobile Banking From April 24 At Kotak Bank; RBI Issues Ban -
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Vodafone Idea FPO: Shares To Debut Tomorrow; GMP Hints Premium Listing; Shares Slump 9% -
HUL Q4: FMCG Giant Declares 6% Fall In Net To Rs 2406 Cr, Rs 24/Share Dividend Announced -
Closing Bell: Market Ends With Gains For The 4th Straight Day; Nifty Holds Above 22,400, Banks Lead Gains
Sensex up 60 points in early trade; banking stocks rally
The Sensex was last trading higher by 61 points, while the Nifty gained 13 points in early trade. Among the gainers in early trade were the banking stocks led by sharp gains in Union Bank and ICICI Bank. Bank of India which has been rallying in the last few days continued to gain ground today, and was trading higher by one per cent.
Software stocks were once again having a good trading session with HCL Tech, Infosys and Wipro among the early gainers in trade.
Top Nifty gainers in trade were Sesa Sterlite, Sun Pharma and Jaiprakash Associates. Stocks that lost ground from the Nifty were Grasim Kotak Mahindra and Tata Steel.
Realty stocks were also having a good session of trade with notable gainers being DB Realty, HDIL and Unitech.
State Bank of India was trading higher after reports that the bank was set to shore its capital base by raising fresh money.
Sesa Sterlite was in the limelight in trade today after reports that the Supreme Court has permitted the company to resume iron ore mining at Chitradurg in Karnataka.
Meanwhile, markets in Asia were trading significantly higher ahead of the new year. Among the markets that were trading with substantial gains included the Japanese Nikkei, The Jakarta Composite and the Taiwan Weighted.
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