Nifty Bank hits 25,000 ahead of F&O expiry, Sensex soars 290 pts

Sensex, Nifty hit new high on Lok Sabha exit polls forecast
Benchmark indices remained strong, with the Sensex rising as much as 290 points in late morning trade and Nifty Bank hit 25,000-mark for the first time.

The 30-share BSE Sensex was up 246.26 points at 32,628.72 and the 50-share NSE Nifty gained 77.30 points at 10,097.95 despite weak market breadth.

About 1,239 shares declined against 1,108 advancing shares on the BSE.
HDFC was the biggest gainer, up 4 percent as Bank of America Merrill Lynch maintained its buy rating on the stock and raised target price to Rs 1,925 after strong earnings.

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