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Banking Stocks Rally, Nifty Bank touch 21,079-mark

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Shares of banking, NBFC, Financial surged more than 6 to 8 percent on Friday morning session on expectation of monetary spur from the RBI.

The RBI Governor Shaktikanta Das will hold a press meet today and the analysts hope monetary steps to boost liquidity in the market.

Nifty Bank index  climbed 8-pc to trade above 21K. Banking constituents were the top gainers among the Nifty stocks. Get the updated best stocks tips  and the top stocks to watch today from the expert.

Sensex gained 1117-pts to 31063 and the Nifty rallied 355.40 points t to 8,996-mark at around 10.10-am.  In comparison, IndusInd bank, AXIS Bank, SBI, Bajaj Finance, Bajaj Finserve were among top Nifty gainers.