Lagatar24 Desk
Mumbai, Feb 2: The Indian equity indexes were higher in early trade on Wednesday, powered by advances in banking shares. The benchmark BSE Sensex was up 514 points, or 0.61 percent, at 59,376 at 9:30 a.m., while the broader NSE Nifty was up 144 points, or 0.82 percent, at 17,721.
Mid- and small-cap stocks were higher, with the Nifty Midcap 100 index up 0.78 percent and small-cap stocks up 1.26 percent.
On a stock-by-stock basis, the biggest Nifty gainer was Kotak Mahindra Bank, which rose 2.79 percent to Rs. 1,934.80. IndusInd Bank, Bajaj Finance, Eicher Motors, Bajaj Finserv, and Bajaj Finance were among the gainers.
Tech Mahindra, Britannia, Adani Ports, and UltraTech Cements, on the other hand, were among the losers.
On the BSE, the overall market breadth was robust, with 2,064 shares increasing and 660 dropping.
Bajaj Finserv, Kotak Bank, Bajaj Finance, IndusInd Bank, Axis Bank, and PowerGrid all saw their shares rise as high as 2.58 percent on the 30-share BSE platform.
Meanwhile, companies such as HDFC, Adani Green Energy, Dabur India, Apollo Tyres, Jubilant FoodWorks, Mahindra & Mahindra Financial Services, and Tata Consumer Products will release their December quarter results later today.
