Sensex Rises Over 150 Points, Nifty Above 14,500

HDFC Bank, Reliance Industries, ICICI Bank, TCS and Bajaj Finance were among he top movers in the Sensex.

The Indian equity benchmarks gained in morning trade led by gains in HDFC Bank, Reliance Industries, ICICI Bank, TCS and Bajaj Finance. However, the upside was capped owing to weakness in Axis Bank, Kotak Mahindra Bank, HDFC, Asian Paints and Maruti Suzuki. The Sensex rose as much as 228 points and Nifty 50 index moved above its important psychological level of 14,500. As of 9:22 am, the Sensex was up 95 points at 48,481 and Nifty advanced 50 points to 14,534. Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's over 1 per cent gain. Nifty Media, IT, Auto, Pharma PSU Bank and Realty indexes were also trading higher. On the other hand, Nifty Bank, Financial Services and Private Bank indices were trading lower.