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Nifty higher. Banking stocks gain.

Markets have seen trades in the green territory as stocks from the banking, capital goods and metals space move forward.

The Sensex has opened 100 points higher. The Nifty is up by 44 points at 5270 with 0.85% gains.

The Bank Nifty has been pushed 1.5% above. PSU Banking major SBI has rose 2.2% higher. PNB has moved up by 1.4%. ICICI Bank is up by 1.4%. HDFC Bank is up by 1%.

Reliance Infra has gained 2.8%. L&T has gained 1.4%. JP Associates is also doing good with 1.6% gains. Punj lloyd is up by over 2%.

Metal stocks including Sterlite, Hindalco, SAIL and Jindal Steel – have all gained.

IT stocks are trading soft today, ahead of Infosys’s earnings tomorrow.

Midcap stocks have also gained. The Midcap index has moved up by 1.2%.
Sugar stock Renuka sugars – has shot up by 4%, while Bajaj Hindustan is up by 2.4%.



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