Sensex inches towards 28k, Nifty firm; HDFC, Maruti, ICICI lead

Epic Update HDFC Bank

Epic Update HDFC Bank

Equity benchmarks remained higher in noon trade with the Sensex rising over 100 points, led by banking & financials, auto and technology stocks.

The 30-share BSE Sensex was up 113.71 points at 27916.95 and the 50-share NSE Nifty rose 34.80 points to 8576 while the broader markets maintained outperformance.

The BSE Midcap and Smallcap indices gained 0.75 percent and 0.9 percent, respectively as more than two shares advanced for every share falling on the exchange.

HDFC, HDFC Bank, ICICI Bank, SBI, TCS and Maruti Suzuki were top contributors to Sensex’s gains while Dr Reddy’s Labs fell nearly 4 percent ahead of first quarter earnings due on July 26.
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