Bank stocks lift indices after Supreme Court order on loan moratorium

Equity indices regained their footing on Tuesday, propelled by banking stocks which surged after the Supreme Court declined to extend the the loan moratorium period and said complete waiver of interest is not possible.

Reversing last session's losses, the 30-share BSE Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44. Similarly, the broader NSE Nifty advanced 78.35 points or 0.53 per cent to close at 14,814.75.

UltraTech Cement was the top gainer in the Sensex pack, rising 3.06 per cent, followed by IndusInd Bank, ICICI Bank, HDFC Bank, Titan, Axis Bank, SBI and Reliance Industries.

ONGC, PowerGrid, ITC, NTPC, M&M and