9.21 AM: Nifty starts May series around 11,700, Sensex up 100 pts; Axis Bank up 3%

It is a firm start for the May F&O series as Nifty opened around 11,700 level.

At 09:17 hrs IST, the Sensex is up 108.56 points at 38839.42, while Nifty is up 47.20 points at 11689. About 393 shares have advanced, 199 shares declined, and 30 shares are unchanged.

The gainers in the morning session are Axis Bank, HCL Tech, Bharti Airtel, Sun Pharma, Yes Bank, GAIL, Dr Reddy’s Lab, SBI, Tata Steel, Indiabulls Housing, Bharti Infratel and Zee Entertainment, while losers are Maruti Suzuki, Tata Motors, Hero Moto, M&M and Kotak Mahindra Bank.

Among the sectors, except auto all other sectors are witnessing buying led by metal, pharma, bank, infra, energy, IT and FMCG.

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