The Indian stock market witnessed some handsome gains led by rally in banking stocks. Sensex is up 353.84 points or 0.9 percent at 39467.31, and the Nifty jumped 88.30 points or 0.76 percent at 11647.60. IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India are the top gainers while Reliance Industries, HDFC Bank, HDFC, Kotak Mahindra Bank and ICICI Bank are the top positive contributors. Among the sectors, the banking index jumped 4 percent while the midcap index added half a percent. Nifty Auto shed over half a percent while the metal index ended in the red.

The Indian stock market witnessed some handsome gains led by rally in banking stocks. Sensex is up 353.84 points or 0.9 percent at 39467.31, and the Nifty jumped 88.30 points or 0.76 percent at 11647.60. IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India are the top gainers while Reliance Industries, HDFC Bank, HDFC, Kotak Mahindra Bank and ICICI Bank are the top positive contributors. Among the sectors, the banking index jumped 4 percent while the midcap index added half a percent. Nifty Auto shed over half a percent while the metal index ended in the red.