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Live market update: Bank Nifty outperforms

PSU Bank stocks led the rally in Bank Nifty.
Bank Nifty recorded strong gains on Wednesday and was trading up 201 points near its high point of the day at 26,314 led by strong gains in PSU banking stocks. The Nifty PSU Bank index is currently up 1.66%.

Nifty too regained from its low point of the day and was trading 46 points lower at 10,610 after hitting an intraday low of 10,562.

IT stocks continued to trend lower with the likes of TCS and Infosys witnessing a sharp correction. Infosys is currently trading near its five-month-low. Consequentially, Nifty IT was the worst-performing sectoral index on the day and was trading 2.88% lower.

Meanwhile, DHFL announced its Q2FY19 results on the day. The company has reported better-than-expected numbers in the quarter ended September 2018. Reacting to the development, the stock surged ~4% to Rs234.

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. 

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