Live updates: Sensex, Nifty give up some gains; Nifty up 230 points, Sensex up 750 points

Commentary

oi-Sunil

By Sunil Fernandes

Updated: Friday, May 16, 2014, 11:27 [IST]

The Sensex after rallying almost 1400 points in trade, has given up some gains and is now up only 750 points.

11:25 am: Sensex and Nifty gains are more tempered now, with the Sensex up only 776 points.

11:15 am: PSU banking stocks are on fire with Canara Bank up 14 per cent, Andhra Bank up 10 per cent and Union Bank up 11 per cent.

10:45 am: Infosys has lost a huge 5 per cent on rupee gains. HCL Tech, Tech Mahindra and Wipro are the other losers in trade.

10:20: It's all about banking and infra stocks which have seen a huge rally across the board. ICICI Bank and State Bank rally 10 per cent and 9 per cent each.

10.00 am: It's another peak for the sensex and the Nifty with the Sensex crossing 25,000 points and Nifty hitting 7500 points.

9:45 am: Sensex hits a new record of 25,000 points. Frenzied buying seen in infra stocks like GMR Infra, Gammon Infra and L&T.

9.32 am: Adani Group stocks continue to be in the limelight with Adani Power, Adani Ports and Adani Enterprises gaining in trade.

9:15 am: Sensex opens and hits a new record 24,968 points. Just 32 points shy of 25,000 points.