Epic Update ICICI Bank
Equity benchmarks as well as broader markets continued to gain amid consolidation in afternoon trade. Banks were the leading gainers while auto stocks also remained higher ahead of November sales data.
The 30-Sensex BSE Sensex was up 137.97 points at 26531.98 and the 50-share NSE Nifty rose 47.75 points to 8189.90. The BSE Midcap index climbed 0.6 percent and Smallcap jumped 1 percent.
The market breadth was also positive as about 1640 shares advanced against 797 declining shares on the BSE.
Maruti Suzuki added nearly 3 percent after rising 4 percent previous session, especially ahead of November sales data. Nomura expects flat sales growth at 1.21 lakh units on yearly basis while Motilal Oswal sees 5 percent decline in sales.
ICICI Bank was the leading contributor to Sensex gains, up 2.6 percent followed by HDFC Bank, L&T, SBI, Sun Pharma and HUL with over a percent rise whereas Reliance Industries, HDFC and Infosys capped upside.
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