Sensex jumps 100 pts, Nifty50 tests 11,100; YES Bank gains 2%
- Headline equity indices Sensex and Nifty opened in the positive territory
- Axis Bank, Tata Steel, Sun Pharma and HDFC were leading among Sensex scrips
- Midcaps and smallcaps were outpacing benchmark Sensex, rising up to 0.37 per cent.
Rupee's health improved but rising crude oil price remained a concern even as the US bond yields edged near a seven-year peak.
Around 9:25 am, the BSE Sensex was 96 points up at 36,748, while Nifty50 was trading 20 points higher at 11,088.
Among the 50 stocks in the Nifty index, 32 were trading with gains, whereas 30-share Sensex saw 19 stocks advancing.
Axis Bank, Tata Steel, Sun Pharma, HDFC and State Bank of India were leading among Sensex scrips.
On the flip side, Wipro, Adani Ports, ONGC, ITC, Coal India and IndusInd Bank were among top laggards in the Sensex kitty of stocks.
Midcaps and smallcaps were outpacing benchmark Sensex, rising up to 0.37 per cent.
Among sectoral indices on BSE, healthcare and consumer durables were witnessing decent buying interest.
BSE Healthcare, rising 1.48 per cent, was leading among sectoral indices, backed by gains in Sun Pharma, Dr Reddy's Labs, Lupin, Aurobindo Pharma and Cipla.
Shares of YES Bank jumped after the bank's board has formed a five-member panel including two members from outside the bank to find a successor to founder CEO Rana Kapoor, less than a week after Reserve Bank of India (RBI) cut short his tenure to January 31, 2019.