Markets have moved higher, after witnessing cuts in yesterday’s trade. Higher trading Global markets have helped the bourses to see gains in the early trades.
At 9:58 AM, the Nifty is at 5093, up by 1.2% or 56 pts.
Banking, Cement and Auto stocks have been the major gainers.
The Bank Nifty is up by 1.7%. ICICI Bank has moved up by over 2% at 894.40. HDFC Bank is up by 1.8%. SBI is up by 2%, while PNB is up by 1.4%.
Metal counters have also recovered from yesterday’s lows. Sterlite industries is up by over 2%. Tata steel has moved on by 1.5%. Hindalco is up by 1.7%.
Reliance Infra, from the Infrastructure space, has seen a gain of 1.4%. L&T has recorded a 1.9% gain on the counter, while JP Associates has seen 2% gains. IVRCL Infrastructure (IVRCLINFRA) has jumped by 4.5%.
Tata Motors has seen a whopping 3% gain. Maruti has recovered with 1% in the green. Hero motors (HEROMOTOCO), still building upon the good results, has further added 4% gains in today’s trade.