The BSE Bankex and Oil Gas indices have gained 0.5 percent each. The broader market has also trimmed losses, the BSE Midcap and Smallcap indices are marginally down at 10,597 and 11,138, respectively.
The market managed to recover all the early
losses and rebounded into the positive zone, helped by fresh buying in shares
like - bank, oil & gas, capital goods and consumer durables.The BSE Sensex touched a high at 27,548 - up 184 points from the day's low of 27,364. Now, the BSE index is down 33 points at 27,498.
The NSE Nifty jumped above 8,300, but still trade lower by 16 points at 8,323.
The broader market has also trimmed losses, the BSE Midcap and Smallcap indices are marginally down at 10,597 and 11,138, respectively.
Sectorwise, the BSE Bankex and Oil & Gas indices have gained 0.5 percent each at 21,168 and 9,456, respectively.
The Consumer Durables and Capital Goods indices have added 0.3-0.4 percent each at 10,412 and 16,554, respectively.
On the losing side, the BSE IT and Auto indices are the major losers - down 1.5 percent each at 10,790 and 18,799, respectively.
About 1,022 shares have declined on the BSE so far, while 851 shares have declined, and 69 shares are unchanged.
All Bankex stocks are trading green - Bank of India and Punjab National Bank have jumped over 1.5 percent each at Rs. 205 and Rs. 153, respectively.
Axis Bank has also rallied 1.4 percent at Rs. 573. Canara Bank and Bank of Baroda have spurted a percent each at Rs. 340 and Rs. 161, respectively.
Yes Bank, Federal Bank, SBI, ICICI Bank and Kotak Bank are the other notable gainers.
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