Day: March 18, 2019

D-Street Buzz: PSU banks surge led by SBI, PNB; Bharti Airtel falls, FMCG drags

D-Street Buzz: PSU banks surge led by SBI, PNB; Bharti Airtel falls, FMCG drags

Buzz
Bulls are in complete control of Dalal Street as the Indian benchmark indices continues to surge this afternoon with Nifty jumping 139 points at 11,478 while the Sensex zoomed 450 points and is trading at 38,206 mark. At 14:25 hrs, Nifty PSU Bank is the outperforming sector, up over 2 percent led by Punjab National Bank, State Bank of India and Bank of Baroda which jumped 2 percent each followed by Canara Bank, Bank of India and Bank of India. Kotak Mahindra Bank, ICICI Bank and IDFC First Bank are the other gainers. Nifty IT continues to show handsome gains led by Tata Consultancy Services which jumped 3 percent followed by Wipro, Infosys, Tech Mahindra, Tata Elxsi and HCL Tech. Media stocks are also buzzing led by Zee Entertainment, UFO Moviez, Sun TV Network, PVR, Dish TV and EROS