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Stock Market Highlights: Sensex, Nifty at 2-month highs; Titan, SBI jump 3%; Paytm drops 6% – CNBCTV18

Market At Close | Sensex, Nifty at 2-month highs

Here are some highlights: 

–Sensex, Nifty50 at their highest closing levels since November 15.

–Banking stocks lead indices higher; Nifty Bank up 2% (up 608 points at 38,348)

–ICICI, Infosys, HDFC, Kotak Bank, L&T top Nifty contributors

–UPL, Titan, Hero MotoCorp, SBI top Nifty gainers

–Midcap index gains 260 points to 31,372

–Auto stocks continue to gain momentum on increased demand

–Infosys, TCS rise, Wipro slips ahead of earnings

–PSU banking stocks rise on reports of FDI limit rise; PNB, Bank of Baroda up 4-5%

–India Cements gains 5%, hits 52-week high

–SBI Cards falls 2% after Goldman Sachs initiates coverage with ‘sell’ rating

–Paytm falls 6% after Macquarie lowers target to Rs 900 from Rs 1,200 

–Market breadth favours bulls; advance-decline ratio at 3:1