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Markets Trade Higher, Banking Stock Lead

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Markets staged a strong recovery after Monday’s heavy declines, as global markets regained and crude oil prices went down.

Most Asian markets pointed to higher openings led by the Japanese Nikkei and the Dow Futures too were in the positive zone today.

At 10.25-hrs, the BSE Sensex was trading with gains of 445-pts, while the Nifty50 of the NSE went up 130 points higher in trade.

The key stocks which slipped yesterday, such as HDFC, Reliance Industries and HDFC Bank, come back with strong buying. Avail Free trading tips and the latest stock tips updates from the experts..

Vedanta, Zee Entertainment, HDFC Bank, Tata Steel and Asian Paints were the major set of gainers whereas Bharti Infratel, TechMahindra, BPCL, Wipro and Infosys slipped.

All sectoral indices on the Nifty witness buying with major gains in Banking, Financial, Media, and Metal which were up by over 1.5-percent each.

Among major action, shares of HDFC Bank advances now over 2% to Rs1,266.70-per share after the Bank reported a high deposit growth, up 25.2-percent, year-on-year.