Markets have moved to the green after a sluggish start in the early trades. Banking & financials, Tech and Oil stocks were the stocks in demand.
Housing finance company HDFC and infrastructure financing company IDFC have seen a surge of more than 2%. ICICI Bank, from the private banking space, has moved up 0.8% while the HDFC Bank is flat. PSU banking major State Bank of India remained flat after recovery.
PSU stocks caught in bull grip ahead of cabinet committee on political affairs meeting today evening. GAIL surged 2% while BHEL and NTPC gained 1% each. Oil & gas producer ONGC rose 0.4%. Oil retailers BPCL, HPCL and IOC rallied 1.6-2.8% on hopes of likely fuel price hike.