Profit booking in banking stocks shave off early gains

Mumbai (Maharashtra) [India], Mar 29 (ANI): Equity benchmark indices rose sharply on Friday but quickly shed most of the early gains as traders booked profits in banking stocks which had made handsome gains a day earlier.
At 11:15 am, the BSE S&P Sensex was up 27 points at 38,572 while the NSE Nifty 50 gained 5 points at 11,575. Shares of WABCO India surged 8 per cent on the National Stock Exchange after its holdings company entered into a definitive merger agreement with ZF Friedrichshafen AG.
The other gainers were Vedanta, JSW Steel, Tata Steel, Tata Motors, Lupin and Mahindra & Mahindra.
Those which lost ground included IndusInd Bank, ICICI Bank, Titan, GAIL and Eicher Motors.
The most active stocks were State Bank of India, SBI Life, Reliance Industries and Yes Bank.
Meanwhile, Asian shares traded higher in the first half on revived hopes of progress in US-China trade talks.

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