MARKET LIVE: Indices near day’s high, Sensex zooms 650 pts; financials lead

LIVE market updates: The Indian added to their earlier gains and were trading over one per cent in Friday’s noon deals, lifted mainly by financials, after a report said the government was working on a new stimulus package.

The S&P BSE gained 700 points, or 1.4 per cent, at 50,230 levels and the index hovered around the 15,100-mark. IndusInd Bank rose 3 per cent and was the top gainer, followed by Axis Bank, HDFC Bank, and Kotak Mahindra Bank (all up 2%).

The Nifty sectoral indices were painted green, with the Nifty Bank index trading over 2 per cent higher.

In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.95 per cent higher, each.

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