Ways2Capital Morning Update : Sensex Jumps 400 Pts, Nifty Near 8900

Equity benchmarks erased more than half of early gains due to selling pressure in technology and FMCG stocks. HDFC Bank also came off day’s high, up 5.5 percent and HDFC gained 1.5 percent after profit booking while SBI and ICICI Bank turned lower.
The 30-share BSE Sensex was up 145.95 points at 28447.22 and the Nifty 50-share NSE rose 33.15 points to 8811.15. About 1073 shares advanced against 674 declining shares on the BSE.
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