Friday, 15 March 2013

BSE Sensex, NSE Nifty gain despite Cobrapost sting on ICICI Bank, Axis, HDFC Bank

The BSE Sensex today rose by nearly 99 points in early trade, extending gains for the second straight session, on sustained buying by funds amid a firm trend on other Asian bourses - this is despite Cobrapost sting on ICICI Bank, Axis bank, HDFC Bank over money-laundering.

The 30-share index, which had gained 207.89 points yesterday, rose further by 98.95 points, or 0.51 per cent, to 19,669.69 points with all the sectoral indices, led by consumer durables and metals, trading in the positive zone with gains of up to 1.42 per cent.

The wide-based NSE Nifty moved up by 19.30 points, or 0.33 per cent, to 5,928.25. Brokers said besides hopes of a rate cut by RBI in its policy review next week, a firming trend on other Asian bourses, following overnight gains at the US markets, mainly buoyed the trading sentiment here.
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