Banking stocks led to another rally on the bourses, in which the benchmark indices were set for fourth consecutive day of gains. Today is also the last day for the April F&O expiry and as such markets are set to be volatile.
The Sensex was trading with gains of 500 points, while the Nifty was up up 155 points in trade. The Bank Nifty was up almost 1.61 per cent in trade. Shares in Reliance Industries continued to rally and was trading with gains of 1.3 per cent. The stock has seen sharp gains ever since a foreign brokerage firm had hiked the price target on the stock.
Shares in Tata Steel was the top gainers from the Nifty space, while other gainers were Hindalco, IndusInd Bank, JSW Steel and Axis Bank. Among the losers in trade were HCL Tech, Eicher and Wipro.
Shares in Hindustan Unilever were higher in trade ahead of the company's quarterly results to be declared later today. The stock was up 0.76 per cent at Rs 2424 in trade.
Meanwhile, most of the Asian markets were trading higher with the Shanghai Composite, the Korean Kospi and the Hang Sang seeing gains. Dow Futures were pointing too higher openings for the US markets.