Sep 09, 2010
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Banking Stock Report
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Banking Stock Report
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Banking Stock Report
At 9.20 am, the BSE Sensex rose 106 points to 18,773 and the NSE Nifty took out the 5,625 mark advancing 26 points. All other sectors opened in the green. Banking stocks led the rally, the banking index rose 1.09 per cent. SBI continued the head-long advancing 1.41 per cent. The stock closed with gains of more than 2 per cent on Wednesday. ICICI Bank and HDFC Bank rose more than 1 per cent. ICICI Bank, HDFC Bank and SBI - together added close to 60 points to the Sensex. Realty stocks rose close to 1 per cent. DLF was trading 1.18 per cent higher. Auto and consumer durables stocks also made impressive gains. M&M advanced 1.20 per cent. Among the Sensex stocks 23 advanced and 6 declined. HUL was the biggest gainer rising 1.71 per cent. ACC and Sterlite Industries saw selling pressure. Most Asian stocks were higher barring the Chinese indices that declined more than 1 per cent. The Nikkei 225 in Japan declined 0.97 per cent. South Korea's Kospi retreated 0.21 per cent and the Hang Seng rose 0.53 per cent.
The Wall Street advanced 0.5 per cent to 10,387 overnight after the successful auction of Portuguese government debt eased worries on the European front.
