Muhurat Trading: Sensex Gains 524 Points, Banking Stocks Rally

Benchmark indices gained in trade today, in the one-hour Muhurat Trading session with the Sensex surging over 524 points or 0.88%, while the Nifty 50 was at 17,730, up 154 points or 0.8%.

Among the gainers in trade were stocks from the banking and financial space, with ICICI Bank and HDFC among the top gainers.

Reliance Industries which unexpectedly reported a drop in the consolidated net profit for the September quarter saw its shares ending flat.

Shares in Hindustan Unilever and Kotak Mahindra Bank were among the losers in trade. Meanwhile, markets across the globe staged a solid rally on the back of good corporate numbers announced by companies in the US.

Shares in ICICI Bank gained, after the country's second largest private sector lender, registered a solid 37 percent year-on-year growth in standalone profit and a 26.5 percent rise in net interest income, with a significant fall in bad loan provisions.

Shares in YES Bank lost ground after net profit for the September quarter slid 32% YoY to Rs 152.82 crore from Rs 225.5 crore posted in the same quarter previous year. the shares fell 1.87% in trade.