Equity benchmarks remained strong in noon after a consolidation in previous three sessions. Investors cautiously optimistic about fourth quarter earnings season.
The 30-share BSE Sensex was up 226.67 points at 29,640.33 and the 50-share NSE Nifty gained 71.05 points at 9,210.35.
The market breadth remained strong but the gap between advances and declines narrowed. About two shares gained for every share falling on the BSE against 4:1 ratio in early trade.
Bank stocks continued to support the market, with the Nifty Bank index rising over a percent. Metal index gained 1 percent too.
ICICI Bank, Adani Ports, SBI, NTPC and GAIL were top gainers among Sensex’ stocks, up 2-4 percent while Sun Pharma, Coal India and Bharti Airtel were under pressure.
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