Live: Sensex Trades on Firm Note, Up Over 200 Points ; PSU Banks Lead

Sharemasterindia.com 3.20 p.m.: Markets off day's high, Sensex was up 222 points at 28,002.64 and Nifty up 78.6 points at 8,447.10.

3.11 p.m.: Mahindra & Mahindra June sales declined 6 per cent annually to 36,134 units against estimates of 40,046 units, the stock is up 0.55 per cent at Rs 1,288

2:58 p.m.: Bank Nifty surged 1.6 per cent in the last hour of trade; Bank of India, Bank of Baroda, Canara Bank, Axis Bank, Yes Bank and State Bank of India were among the gainers, up 3-5 per cent each.


2:47 p.m.: Kunal Bothra of LKP Securities says that the Nifty in past couple of months faced resistance around 8,440-8,450 levels and a close above 8,450 will indicate positive momentum in markets and Nifty could rise to 8,700 levels.

2:41 p.m.: Financial Times has reported that the Greek PM Alexis Tsipras may accept bailout terms. Global markets react positively to this news; French CAC40 index jumped 2.6 per cent, German DAX advanced 2.3 per cent and Britain's FTSE 100 rose 1.5 per cent.

2:37 p.m.: The Sensex continued to trade on a strong note on the back of broad-based buying, jumps 301 points to 28,081 and the Nifty advances 100 points to 8,468.

2:34 p.m.: Broader markets trade on a strong note. The BSE mid-cap index advanced 1.45 per cent and the small-cap index jumped 1.6 per cent. From the small-cap space, Mc Nally Bharat, Kwality,  ITI, IGL, Alok Industries, Trident, Ceat, NBCC, Ballarpur Industries and Rain Indusitries were among the top gainers from this space, the stocks jumped 7-20 per cent.

2:25 p.m.: Escorts tractor sales for the month of June fell 6.7 per cent to 6,238 units compared to 6,689 units sold during the same month last fiscal. Stock up 4.75 per cent at Rs 125.80.

2:16 p.m.: PSU Banking shares witnessed buying interest after Minister of State for Finance, Jayant Sinha said that the government is working comprehensively on plan to recapitalise banks. The PSU Bank index on the National Stock Exchange jumped 3 per cent; stocks such as Bank of India, Union Bank, IDBI Bank, Bank of Baroda and Oriental Bank of Commerce were among the top gainers.