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Markets regain momentum. Banks, Capital goods up.

Markets have started off trades with good gains as the Sensex has added more than 100 points gains.

The Sensex has moved up 101.52 points to 18,774.86 and the Nifty went up 28 points to 5,697.45.

Tata Power, BHEL, PNB, Axis Bank, SBI, Reliance Infrastructure and NTPC were up 1.5-2.5%.

Adani Power, Indiabulls Power, JSW Energy, SBI, Bank of India, Reliance Power, PTC India, Lanco Infratech and GMR Infra rallied 2-5%.

Cairn India trimmed losses to 2% from 5% initially; Cairn UK was expected to sell 15.3 crore equity shares (8% equity) in a price range of Rs 318-328/share via block deal today.

Larsen & Toubro rose 1%, hitting a new 52-week high of Rs 1595 a share.


 

 

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