Nifty crosses 11,700
Taking cues from overseas markets Nifty today crosses 11700 mark on Monday morning. Sustaining buying seen rate sensitive sectors especially from Banking sector shares. The BSE Sensex also crossed 39,000 points to touch an all-time high. Nifty PSU bank index raised 2.87 percent today, whereas Nifty Metal Index gained 2.57 percent. Nifty is now trading at 11,682 with a gain of 58 points higher than Friday's close, at 11.20 am.
The top gainers on the Nifty were Tata Motors, Hindalco, Vedanta, Gail, and Tata Steel. The top losers were IOC, BPCL, UPL, IndusInd Bank and Zee Limited.
In BSE Andhra Bank is the top gainer in Sensex shares with 13.88 percent gain over the previous close. Lakshmi Vilas Bank is trading at 77.55 with a 10 percent gain.
The foreign exchange markets were closed on Monday because of the annual account closing of banks.