Banking and Financial stocks have flared up in the trade today. The private banking space majors ICICI Bank and Axis Bank have moved up smartly with gains of over 2.5% each. IDFC has also been on the topper list.
However on the downside, ONGC has fallen over 3% in today’s trade. ONGC has reportedly been asked to clear huge royalty due to the Gujarat government.
The Midcap and small cap segments have outperformed the Nifty index. Amtek India has seen good rally in the trade after it announced its good quarterly results.