Banking Stock lead the Rally; HDFC Bank, ICICI Bank and Reliance gain

After many days of weakness, NSE Nifty has crossed 5900 mark today. NSE Nifty managed to again 206 points. The BSE benchmark Sensex has gained over 3.5% in today’s trading session. NSE Nifty is trading with a gain of 3.6% at 5902.

HDFC bank has gained over 12% with an intra-day high of 1780. Reliance has gained 5.7% and is currently trading at 2850. PNB has gained over 7%. Tata Power emerged as a major gainer with 5.22% rise.

RCF has gained nearly 20%. The stock is up on the news that Fertilizer bonds may be issued. RCF is also in talks with Reliance for availability of gas.

GATI is another stock which has been moving very strongly since few trading sessions. The stock was trading with a gain of 10% over yesterday’s close.