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The market gained strength again amid volatility in afternoon trade. The Sensex rose 74.34 points to 24681.33 and the Nifty advanced 22.30 points to 7497.90. The broader markets maintained outperformance with the Midcap and Smallcap indices rising 1.2 percent and 0.8 percent, respectively. 

About 1475 shares advanced against 975 declining shares on the BSE. Nifty Bank recovered more than 300 points from day's low as all banks stocks were in green. SBI (up over 3 percent) and HDFC Bank (up over 1 percent) rebounded. 

ICICI Bank extended upside, rising 2.5 percent. Tata Motors, Dr Reddy's Labs, Cipla and Coal India rallied 2 percent each. 

BHEL jumped nearly 4 percent on commissioning of 700 MW thermal plant in Karnataka. ITC, Sun Pharma, TCS, Maruti Suzuki, Wipro, Bharti Airtel and NTPC fell 0.7-1.4 percent. 

The market gained strength again amid volatility in afternoon trade. The Sensex rose 74.34 points to 24681.33 and the Nifty advanced 22.30 points to 7497.90. The broader markets maintained outperformance with the Midcap and Smallcap indices rising 1.2 percent and 0.8 percent, respectively. About 1475 shares advanced against 975 declining shares on the BSE. Nifty Bank recovered more than 300 points from day's low as all banks stocks were in green. SBI (up over 3 percent) and HDFC Bank (up over 1 percent) rebounded. ICICI Bank extended upside, rising 2.5 percent. Tata Motors, Dr Reddy's Labs, Cipla and Coal India rallied 2 percent each. BHEL jumped nearly 4 percent on commissioning of 700 MW thermal plant in Karnataka. ITC, Sun Pharma, TCS, Maruti Suzuki, Wipro, Bharti Airtel and NTPC fell 0.7-1.4 percent.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-marginally-higher-nifty-hovers-around-7500-sbi-rebounds_5761701.html?utm_source=ref_articleThe market gained strength again amid volatility in afternoon trade. The Sensex rose 74.34 points to 24681.33 and the Nifty advanced 22.30 points to 7497.90. The broader markets maintained outperformance with the Midcap and Smallcap indices rising 1.2 percent and 0.8 percent, respectively. About 1475 shares advanced against 975 declining shares on the BSE. Nifty Bank recovered more than 300 points from day's low as all banks stocks were in green. SBI (up over 3 percent) and HDFC Bank (up over 1 percent) rebounded. ICICI Bank extended upside, rising 2.5 percent. Tata Motors, Dr Reddy's Labs, Cipla and Coal India rallied 2 percent each. BHEL jumped nearly 4 percent on commissioning of 700 MW thermal plant in Karnataka. ITC, Sun Pharma, TCS, Maruti Suzuki, Wipro, Bharti Airtel and NTPC fell 0.7-1.4 percent.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-marginally-higher-nifty-hovers-around-7500-sbi-rebounds_5761701.html?utm_source=ref_article