Bank along with the auto sector added a percent each while realty stocks are also trading in the green.
The Indian stock market was seeing brisk trading for the second consecutive day on December 8. The Sensex was up 713.63 points or 1.24% at 58347.28, and the Nifty was 204.30 points, or 1.19 percent, higher at 17381 in the morning trade as the RBI kept its repo rate unchanged and maintained accommodative stance.
The announcement came in the context of fresh threats from the Omicron variant. So far, India has reported over two dozen Omicron cases. This has forced several states to impose fresh travel restrictions. There is a fear that the Omicron surge will lead to a third wave of Covid-19 in the country.
Rate-sensitive sectors, including the banking index, added a percent, with the Bank Nifty up 1.09 percent at 10:25 am.
The top gainers from the banking space included ICICI Bank, State Bank of India, Bandhan Bank, IDFC First Bank, HDFC Bank and IndusInd Bank which are up 1-2 percent each followed by PNB and Axis Bank.
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The realty index also added a percent led by Sobha and Sunteck Realty which jumped 2-3 percent each followed by Phoenix Mills, Prestige Estates, Oberoi Realty, DLF and Godrej Properties.
The Nifty auto was also trading in the green, with the top gainers being Ashok Leyland, Bharat Forge, Balkrishna Industries, Hero MotoCorp, Eicher Motors followed by Mahindra & Mahindra, Tata Motors and Bajaj Auto.
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