All the Sectoral indices are trading on a positive note. The CNX PSU Bank is the top gainer - up 3.4 percent mainly led by Bank of Baroda
The market has extended earlier gains and is now trading at day's high on the back of buoyant buying across all sectors - mainly PSU bank and metal sectors.
The BSE Sensex so far has hit a high at 27,487 and is now up 395 points at 27,501.
Similarly, the NSE Nifty has jumped to a high at 8,301 and is now up 113 points at 8,304.
All the Sectoral indices are trading on a positive note. The CNX PSU Bank is the top gainer - up 3.4 percent mainly led by Bank of Baroda.
Among public sector banks, Bank of Baroda has zoomed 9.5 percent at Rs. 159 on showing improvement in asset quality numbers. The bank's gross NPA's has improved to 3.72 percent from 3.85 percent (QoQ).
Oriental Bank of Commerce, Syndicate Bank, Bank of India and SBI have jumped over 3 percent each.
IDBI Bank, Canara Bank and Allahabad Bank have surged over 2.5 percent each.
The CNX Metal index has rallied over 2.5 percent on the back of hopes of rising demand after People Bank of China cut rates by 25 basis points for the third time since November 2014.
Among Metal space, Vedanta has soared 4.3 percent at Rs. 227. Hindalco and SAIL have spurted over 3 percent each at Rs. 144 and Rs. 69.75, respectively.
Coal India, Tata Sponge, Jindal Saw and Bhushan Steel have jumped over 2 percent each
The BSE Sensex so far has hit a high at 27,487 and is now up 395 points at 27,501.
Similarly, the NSE Nifty has jumped to a high at 8,301 and is now up 113 points at 8,304.
All the Sectoral indices are trading on a positive note. The CNX PSU Bank is the top gainer - up 3.4 percent mainly led by Bank of Baroda.
Among public sector banks, Bank of Baroda has zoomed 9.5 percent at Rs. 159 on showing improvement in asset quality numbers. The bank's gross NPA's has improved to 3.72 percent from 3.85 percent (QoQ).
Oriental Bank of Commerce, Syndicate Bank, Bank of India and SBI have jumped over 3 percent each.
IDBI Bank, Canara Bank and Allahabad Bank have surged over 2.5 percent each.
The CNX Metal index has rallied over 2.5 percent on the back of hopes of rising demand after People Bank of China cut rates by 25 basis points for the third time since November 2014.
Among Metal space, Vedanta has soared 4.3 percent at Rs. 227. Hindalco and SAIL have spurted over 3 percent each at Rs. 144 and Rs. 69.75, respectively.
Coal India, Tata Sponge, Jindal Saw and Bhushan Steel have jumped over 2 percent each
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