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Equity Tips

Nifty at over 15-month high, Sensex strong; ICICI lead gainer

Equity benchmarks recouped previous day's losses to trade at over 15-month high on the Nifty, supported by banking & financial, auto and infra stocks.

The 30-share BSE Sensex was up 213.58 points at 28190.10 and the 50-share NSE Nifty rose 63.70 points to 8654.35. The broader markets traded in line with benchmarks as the BSE Midcap and Smallcap indices gained 0.8 percent each.

ICICI Bank and Maruti Suzuki topped the buying list on Sensex, up more than 3 percent followed by HDFC, Tata Motors, L&T, SBI and BHEL.

The Sensex is up 207.88 points or 0.7 percent at 28184.40, and the Nifty up 70.25 points or 0.8 percent at 8660.90. About 1333 shares have advanced, 458 shares declined, and 77 shares are unchanged.

HDFC, Maruti, Asian Paints, Tata Steel and SBI are top gainers while Dr Reddy's Labs fell 8 percent. Other losers in the Sensex are Coal India, Sun Pharma, Axis Bank and Wipro.

The Indian rupee slipped in the early trade. It has opened lower by 6 paise at 67.33 per dollar versus 67.27 Tuesday.

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