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Firm markets. Banking stock rally

Markets opened higher tracking upbeat global cues and buying in banking and metal shares. The Nifty advanced 57 points, at 5,037 and Sensex gained 194 points, at 16,755.

Hindalco, Sterlite Industries, JSPL, Bharti Airtel, HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, DLF, L&T, Reliance Communications, Reliance Industries, TCS, IDFC and Tata Motors were the major contributors in the early trade.

HUL, ITC and Maruti too were on buyers’ radar.

However, BPCL and ONGC declined marginally due to rise in crude oil prices.

Jaypee Infra shot up 11%.

Jubilant Foodworks, Educomp, Zee Learn, CMC (ahead of numbers) and Hexaware were up 2-4%.



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