Sensex gains 250 points amid volatility, Nifty above 9,100 (Lead)

 The Indian equity indices rose after a volatile initial trade with the BSE Sensex rising over 250 points and the NSE Nifty50 trading over the 9,100 mark.

The indices were supported by healthy buying in banking and finance stocks. The S&P BSE Banking index was trading 2.21 per cent higher while the Finance index 1.59 per cent.

At 11.49 a.m., Sensex was trading at 30,869.20, higher by 259.90 points or 0.85 per cent from the previous close of 30,609.30.

It had opened at 30,793.11 and has so far touched an intra-day high of 30,898.34 and low of 30,525.68 points.

The Nifty50 on the National Stock Exchange was trading at 9,100.35, higher by 71.30 points or 0.79 per cent from the previous close.

The top gainers so far on the Sensex were the Axis Bank, ICICI Bank and Larsen and Toubro, while the major losers were the Ultratech Cement, ITC and Mahindra & Mahindra