Sensex surges 280 pts; Bank Nifty, Midcap at fresh record high

Epic Update ICICI Bank
Epic Update ICICI Bank

Equity benchmarks extended gains in morning, with the Sensex rising nearly 300 points, supported by banking & financials stocks. Reliance Industries and ITC too aided the market.

The 30-share BSE Sensex was up 278.55 points or 0.95 percent at 29,692.21 and the 50-share NSE Nifty gained 77.20 points at 9,216.50.

The broader markets also traded in line with benchmarks as the Nifty Midcap and Smallcap indices rallied 1 percent each on strong breadth. More than three shares advanced for every share falling on the exchange.

ICICI Bank was the leading contributor to Sensex’ gains, up 2.6 percent followed by ITC, Reliance Industries, HDFC Bank, HDFC, SBI and Infosys.

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