Markets continue to consolidate; SBI up 1.5% post Q3 results

BSE Bankex gained 0.6% led by gains in Bank of Baroda, SBI, IndusInd Bank, Axis Bank and PNB

Benchmark indices continued to consolidate during the after-noon trade even after Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.
 
Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan rose to its highest since July 2015, on upbeat Chinese trade data and US President Donald Trump's announcement of tax incentives to help businesses.
 
Nifty 50 continued to hover around 8,800 levels, heading for third consecutive weekly gain led by gains in Grasim, Bank of Baroda, Tech Mahindra and Adani Ports.
 
The BSE Sensex index has gained 0.4% so far this