Indices Gain, Bankex Up By 1.1%

Indian indices are holding their morning gains at their current levels. The Nifty is trading up by 48 points at 8572 and Sensex is 147 points higher at 28345. Both the indices are trading up in the range of 0.50 -0.57 percent.

The advance-decline ratio is on the positive side. On the NSE, 1414 shares are trading in the green and 1011 shares are in red.

Top Nifty Gainers: Axis Bank is leading the gainers list so far, up by 3.01%. Tech Mahindra, BPCL, HDFC and Kotak Mahindra are also trading higher.

Top Nifty Losers: Vedanta is trading lower by 1.2%, followed by M&M, NMDC, Hindalco and Bank Of Baroda.

All the sectoral indices are trading in the green. Bankex is the top gainer, up by 239 points. Healthcare and Oil & Gas are also up around 100 points, while Consumer Durables, IT and Metals has gained around 50 points. Mid-caps and Small-Caps also trading in positive territory.  

The Asian markets are trading with mixed results. Nikkei is the top gainer, up by 136 points. The Hang Seng, though, is down by 13 points. The Shanghai, KOSPI and Taiwan Weighted are all higher.

Buzzers: Axis Bank opened trades on a positive note today, and made a new high in intraday basis of Rs 603.50. Mid-session, the stock broke a major resistance at Rs 600. If it closes above this level, the stock may see a further up-move.

Nifty future given bullish crossover after broke the technical level of 8550, and inching toward 8600 level. If this continues with the current momentum we may see more positive moves.