Market Live:
Banks lift benchmark indices to record high; Nifty above 10,300, Sensex up 500
pts
Equity benchmarks
hit historic highs in opening trade on Wednesday, driven by banks after the
government announced Rs 2.11 lakh crore recapitalisation for PSU banks on asset
quality worries.
The 30-share BSE
Sensex was up 456.55 points or 1.40 percent at 33,063.89 and the 50-share NSE
Nifty rose 104.80 points or 1.03 percent to 10,312.50.
HCL Technologies,
Infosys, HDFC Bank, Kotak Mahindra Bank and Asian Paints were under pressure in
early trade.
Can Fin Homes,
M&M Financial, L&T Finance and Bharat Financial were down 1-2 percent.
UCO Bank, Bank of
Baroda, Bank of India, Corporation Bank, Bank of Maharashtra and Union Bank
rallied 15-20 percent.
Shipping
Corporation, KNR Construction, J Kumar Infra, Ashoka Buildcon, Sadbhav
Engineering and Electrosteel Steels rallied up to 8 percent.
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