Nifty trades above 25,350 mark; PSU Bank shares rally for 2nd day
Mumbai, Nov. 11 -- The key equity benchmarks traded with strong gains in morning trade, supported by a moderation in crude oil prices from elevated levels and foreign fund inflows. Despite a recent uptick in crude prices, optimism over a potential de-escalation in the Iran conflict continued to underpin investor sentiment. The Nifty traded above the 25,350 mark.
PSU Bank shares witnessed buying demand for second consecutive trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 1,153.30 points or 1.43% to 82,261.52. The Nifty 50 index 309.60 points or 1.24% to 25,354.25.
In the broader market, the Nifty MidCap 150 Index rose 0.98% and the Nifty SmallCap 250 Index added 1.35%.
The market breadth was strong. On...
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