Sensex gains over 200 points, Nifty reclaims 9700; SBI up 2.5%

Equity benchmark indices extended their gains from the morning session, with the Sensex gaining over 200 points, while the Nifty neared 9700-mark.

The Sensex was up 205.00 points at 31450.56, while the Nifty was up 59.25 points at 9696.85. The market breadth, however, was narrow as 1650 shares advanced against a decline of 950 shares, while 127 shares were unchanged.

State Bank of India, ITC and Indiabulls Housing were the top gainers on both indices, while Bajaj Auto and Sun Pharma lost the most.

Midcaps continued to gain, while among niche indices on the Nifty, PSU banks gained the most, followed by FMCG stocks.

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