Sensex trades steady, Nifty holds 9300; ICICI Bank, SBI gain
The Sensex was up 88.84 points at 29947.64, while the Nifty was up 32.35 points or 0.35% at 9317.65. The market breadth was healthy as 1,388 shares advanced against a decline of 678 shares, while 91 shares were unchanged.
Banking stocks ICICI Bank and SBI as well as cement bunch ACC and Ambuja Cements gained the most on both the indices, while Adani Ports, Tata Steel and Hindalco lost the most.
The Bank Nifty, meanwhile, gained nearly a percent following a rally in the banking majors.
Buzzing Stocks: Shares of Shoppers Stop and Dalmia Bharat Sugar plunged 5.6 percent and 10.8 percent respectively intraday Monday post poor Q4 numbers.
Shoppers Stop has posted net loss of Rs 36.1 crore in the quarter ended March 2017 (Q4), which includes exceptional loss of Rs 47.8 crore, against profit of Rs 10.1 crore, reported in the same quarter last year.
Total income of the company was up 3.2 percent at Rs 910.3 crore versus Rs 882.5 crore.
The operating profit (EBITDA) rose 5.2 percent at Rs 52.5 crore and EBITDA margin was at 5.8 percent.
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