Sensex jumps by over 400 points, banking stocks surge

Mumbai (Maharashtra), Oct. 9 -- : Equity benchmark indices bucked morning losses and extended gains in the afternoon trade on Wednesday as buying pressure built up on hopes of rosy corporate earning results for the second quarter.

At 1:20 pm, the BSE S&P Sensex was up by 407 points at 37,941 while the Nifty 50 edged higher by 114 points to 11,241. At the National Stock Exchange, most sectoral indices turned green except for FMCG, IT and media.

Among stocks, Bharti Airtel emerged as the top winner with gains of 4.4 per cent to trade at Rs 356.70 per share. IndusInd Bank was up by 4.1 per cent, UltraTech Cement by 3.7 per cent, Mahindra & Mahindra by 3.1 per cent and ICICI Bank by 2.8 per cent.

But Yes Bank was down by 3.8 per cent at Rs 4...