Shares have extended their morning gains, with the Sensex trading around 150 points higher, while the Nifty is also up around half a percent. A gain in auto, pharma and IT names is helping the indices trade strong, even as financials take a beating on the back of weak sentiment.
ICICI Bank continues to trade lower by around 6 percent, while Ashoka Buildcon is up around 4 percent on the back of an order win. IRB Infra is also up 2 percent on the back of an order win for a project in Uttar Pradesh.
The market has begun this new financial year on a positive note, with the Nifty trading above 10,100 in the opening tick, while the Sensex gained around 100 points and is hovering around those levels.
Among stocks, ICICI Bank is down around 4 percent, while Axis Bank is also trading lower by around 1 percent. Canara Bank fell around 2 percent after it cancelled its stake sale in Can Fin Homes. The market also saw two debutants this morning—Sandhar Technologies and Karda Constructions.
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