Sensex gains 100 points; Lakshmi Vilas Bank surges 15%

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The benchmark indices were trading with minor gains on Friday, on the back of mixed global cues, ahead of the monetary policy address of RBI Governor Shaktikanta Das at 10 am.

The S&P BSE Sensex gained 100 points at 40,270 levels and the Nifty50 index held on to the 11,850-mark. Tata Steel (up 2%), Bharti Airtel, Larsen & Toubro, and Mahindra & Mahindra (all up 1%) were the top Sensex gainers. On the other hand, TCS and Reliance Industries slipped 0.7 per cent, each.

Besides, Lakshmi Vilas Bank surged 15 per cent after the bank received an indicative non-binding offer from the Clix Group.

The Nifty sectoral indices were trading largely in the green, led by Nifty Metal index, up 1 per cent.

In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.3 per cent, each.

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