Equity gauges edge higher, HDFC Bank gains 4.4%

Equity benchmark indices scaled up during early hours on August 04 with broad-based buying across financial, auto and other sectors.

At 10:15 am, the BSE SandP Sensex was up by 319 points or 0.86 per cent at 37,259 while the Nifty 50 gained by 88 points or 0.81 per cent at 10,980.

Except for Nifty IT, pharma and PSU bank, all sectoral indices at the National Stock Exchange were in the green with Nifty auto moving up by 1.4 per cent, financial service by 1.2 per cent and realty by 0.9 per cent.

Among stocks, HDFC Bank was the top winner after climbing 4.4 per cent to Rs 1,046.50 per share.

Index heavyweight Reliance Industries offset yesterday's losses and gained 1.7 per cent to Rs 2,043.25 per unit.