The benchmark equity indices closed higher as banks recovered from the previous session’s losses on hopes of a pickup in credit growth following cuts in lending rates. Sensex closed with a hike of 47 points at 26643 and Nifty gained 12 points at 8192. BSE Small Cap jumped up 125 points at 12315, BSE MidCap gained 73 points at 1220 and Nifty MidCap was 126 points up at 14609.
Asian Market Update: Hang Seng rose 149 points at 22150, Shanghai Composite hiked 32 points at 3136 and Nikkei dropped 30 points at 19114.
Gainers: Power Grid Corp, Coal India, BHEL, Yes Bank, Axis Bank
Losers: Bharti Airtel, Idea Cellular, Hero Motocorp, Bosch, UltraTechCement