Benchmark indices rallied in trade, after the Federal Bureau of Investigation (FBI) cleared US Presidential candidate Hillary Clinton of any criminal charges in using her private email server.
Most Asian markets rallied on hopes that it would lead to Clinton being voted as the next US President. However, the US Presidential race is still expected to be tight.
The Sensex was up with gains of 220 points, while the Nifty rallied 68 points in trade. Shares in ICICI Bank were higher, ahead of results to be declared later today. PNB on the other hand gained after the company reported better than expected results. Its subsidiary PNB Housing Finance is expected to get listed in trade today.
Shares in Lupin also gained ground after the company's Goa plant was cleared by the US FDA. A bulk of the revenues of the company from the US, come through the Goa plant. The stock was last trading at Rs 1521, up a huge 7 per cent on the NSE.
Union Bank which also reported numbers was trading marginally higher. In fact, most PSU banks rallied after a good set of results from PNB. Stocks that gained were Syndicate Bank, Bank of India and Punjab and Sind Bank.