Live Stock Market Updates – Nifty regains 9100, Sensex over 150 points, ICICI Bank contribute 50% to Nifty Bank gains
Banking stocks in opening trade on Friday are sizzling on bourses, with ICICI Bank contributing 50% to the Nifty Bank index and nearly 55% to the BSE Bankex gains.
ICICI Bank in opening trade is up by 2.2%. Other stocks in the BSE Bankex are outperforming broader markets such as, Bank of Baroda is up by 2.6%, Punjab National Bank is up by 2.1%, Federal Bank is up by 1.7%, State Bank of India is up by 1.7% and Axis Bank is up by 1.2%.
At 10 AM, the S&P BSE Sensex is trading at 29,469 up 136 points, while NSE Nifty is trading at 9,123 up 37 points. A total of 51 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.2% at 13892, whereas BSE Small-cap Index is trading up 0.6% at 14117.
Some buying activity is seen in Realty, FMCG, Utilities, Capital Goods and Metal indices, while IT and Oil & Gas indices are showing weakness on BSE.
Bank of Baroda, ICICI Bank, State Bank of India, ITC and Axis Bank are among the gainers, whereas Tech Mahindra, ONGC, Tata Motors, Zeel and Grasim are losing on the NSE.
The INDIA VIX is down 1.1% at 11.6.