Sensex, Nifty trade with decent gains; private bank shares advance

The domestic equity benchmarks traded with major gains in morning trade. The Nifty traded above the 23,950 mark. Private bank shares advanced after declining for previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, soared 567.20 points or 0.73% to 76,754.83. The Nifty 50 index rose 129.85 points or 0.55% to 23,952.65.

In the broader market, the BSE 150 MidCap Index fell 0.40% and the BSE 250 SmallCap Index declined 0.43%.

The market breadth was positive. On the BSE, 1,843 shares rose and 1,816 shares fell. A total of 209 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index added 1.05% to 28,053.95. The index fell 0.77% in the previous trading session.

ICICI Bank (up 2.11%), Yes Bank (up 1.63%), HDFC Bank (up 0.92%), Kotak Mahindra Bank (up 0.75%) and RBL Bank (up 0.5%), Federal Bank (up 0.28%), Axis Bank (up 0.23%), IDFC First Bank (up 0.05%) added.

On the other hand, Bandhan Bank (down 0.28%), IndusInd Bank (down 0.13%) edged lower.

Stocks in Spotlight:

Solarium Green Energy jumped 6% after the company secured a solar EPC order worth Rs 186.53 crore for a 50 MW AC/65 MW DC solar photovoltaic (PV) power project in Maharashtra.

Innovision rose 1.09% after the company received a letter of award (LoA) worth Rs 7.74 crore from the National Highways Authority of India (NHAI) for toll collection and facility maintenance services in Andhra Pradesh.

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