Banks help Sensex, Nifty maintain uptrend; HDFC gains ahead of Q4 nos

Equity benchmarks maintained uptrend in morning, with the Sensex trading higher by more than 150 points, backed largely by banking & financials sector on hopes of moderation in slippages in current financial year.

The 30-share BSE Sensex was up 187.82 points at 30,082.62 and the 50-share NSE Nifty rose 37.80 points to 9,349.75.

The market breadth remained strong as about 

two shares advanced for every share falling on the BSE.

HDFC Bank was up 0.4 percent ahead of fourth quarter earnings due later today.

Earnings Poll: Housing finance company HDFC's fourth quarter profit on standalone basis is likely to fall 23.2 percent to Rs 2,003.2 crore compared with Rs 2,607.1 crore in same quarter last fiscal.

The profit in Q4FY16 was boosted by gain (Rs 1,513.41 crore) on sale of stake in HDFC Standard Life Insurance Company to Standard Life Mauritius Holdings.

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