Equity trading tips: Sensex up 148 pts, Nifty ends above 8450
SBI drags 3%, Punj Llyod soars 15%
Britannia Industries soars 12% on Q4 nos, margin improves
RBI gives more leeway to banks on NPAs sales
FY16 fiscal situation comfortable: Govt sources
ITC Q4 net seen up 10%, cigarette volumes may fall 9-10%
The market ended with good gains supported by infra, oil, IT and pharma stocks. The Sensex was up 148.15 points or 0.5 percent at 27957.50 and the Nifty ended 37.95 points or 0.4 percent at 8458.95.
About 1205 shares have advanced, 1515 shares declined, and 160 shares are unchanged. HDFC, TCS, Sun Pharma, ONGC and L&T were top gainers in the Sensex. Amogn the losers are SBI, Hindalco, Wipro, Axis Bank and Tata Power.
Sentiment was also boosted after the country's largest lender SBI reported decline in bad loans, and strong Q4 profits despite higher provisioning. This led to expectations that the entire banking sector will turn the corner, going ahead.
Sensex: 27,957, up 148 points;
Nifty: 8,459, up 38 points
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