Nifty trades above 23,200 level; PSU Bank shares rally
Mumbai, Sept. 16 -- The key equity benchmarks traded with moderate gains in morning trade, tracking positive cues from Asian markets as the recent rally in crude oil prices paused. Investors remained cautious ahead of the US Federal Reserve's policy meeting later today. The Nifty traded above the 23,200 level, indicating some recovery in market sentiment.
PSU bank shares advanced after declining for two consecutive trading sessions, supported by buying interest across select counters.
At 10:25 IST, the barometer index, the S&P BSE Sense advanced 333.66 points or 0.45% to 74,337.48. The Nifty 50 index rose 105.70 points or 0.47% to 23,226.30.
In the broader market, the BSE 150 MidCap Index fell 0.48% and the BSE 250 SmallCap Index decli...
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