Business Standard

Tuesday, December 24, 2024 | 06:57 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sensex up nearly 1 percent; banks lead

Image

Reuters

Reuters Market Eye - The BSE Sensex is up 0.76 percent after hitting its highest intraday level in 2-months while the Nifty also gains 0.75 percent.

The Reserve Bank of India's move to tighten gold imports again on Monday with an eye to cut a record current-account deficit is seen as a broader positive for equities, dealers say.

Blue chip bank stocks gain on value buying after recent sharp falls, with a 6.4 percent fall in NSE's banking sub-index last week.

ICICI Bank Ltd gains 1.3 percent while HDFC Bank Ltd is up 0.7 percent.

Hero MotoCorp Ltd gains 0.4 percent a day ahead of April-June results.

 

Titan Industries Ltd is down 0.8 percent, after slumping as much as 6.6 percent, after the Reserve Bank of India moved to tighten gold imports.

(Reporting by Abhishek Vishnoi)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 23 2013 | 10:04 AM IST

Explore News