Nifty holds 8800, Sensex firm; UltraTech, Kotak Bank surge

Epic Update Ultratech Cement
Epic Update Ultratech Cement

Equity benchmarks maintained uptrend in afternoon trade with the Sensex rising 130.57 points to 28473.58, driven by banks, infra, healthcare and auto stocks.

The Nifty rose 60.80 points to 8805.15. The broader markets also traded in line with benchmarks as the BSE Midcap gained 0.7 percent.

UltraTech Cement surged 4 percent after foreign investors are allowed to buy upto 30 percent stake in the company. Kotak Mahindra Bank hit fresh record high, up 3.4 percent after Canada Pension Plan Investment Board (CPPIB) is allowed to buy more than 5 percent but less than 10 percent stake in the bank.
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