Banking stocks lift Sensex by 210 points in early trading at 38,443

Mumbai: Equity benchmark indices traded higher in the morning session on Wednesday, led by gains in banking stocks.

Among the front runners were Yes Bank, Bank of Baroda, Punjab National Bank, Federal Bank, and RBL Bank.

At 11:15 am, the BSE S&P Sensex was up 210 points at 38,443 while the NSE Nifty 50 gained 55 points at 11,538.

Shares of GMR Infra gained 2 percent in the morning session. IndusInd Bank, Indiabulls Housing Finance and Airtel also traded higher but Hindustan Petroleum, Bharat Petroleum, and Tech Mahindra slipped on the National Stock Exchange.

The most active stocks were Yes Bank, GMR Infra, Suzlon and Reliance Industries.

Meanwhile, Asian shares were mixed as investors weighed disappointing signs with major economies like China, Europe, and Japan slowing down.

Uncertainties over trade tariffs between the United States and China as well as Brexit continue.

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