Opening Bell: Sensex, Nifty start with mild gains; ICICI Bank, RIL, HDFC Bank top movers

Opening Bell: Indian equity benchmarks had a positive start with mild gains on Tuesday after a deal between First Citizens BancShares and Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares amid concerns about the health of the system.  

The BSE Sensex was up 287.51 points or 0.5 per cent to 57,941.37 and NSE Nifty50 rose by 20.85 points or 0.12 per cent to 17,006.55, minutes after the market open. 

As many as 32 stocks were advancing and 17 were declining in the Nifty50 basket in the early deals. 

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Hindalco, M&M, HDFC Life, ICICI Bank, HCL Tech were among the top gainers, rising around 2-1 per cent each. On the contrary, BPCL, Adani Ports, ONGC and Bharti Airtel were the top laggards, falling up to 1.5 per cent.

A majority of sectors witnessed buying on Dalal Street. The Nifty Bank — whose 12 constituents include the country's largest lenders SBI, HDFC Bank, ICICI Bank and Axis Bank — turned flat and opened at Rs 39,545.05. 

ICICI Bank, RIL, HDFC Bank were among the top movers for the BSE Sensex while RIL, HDFC Bank and HDFC contributed to the Nifty Indices. 

Anil Singhvi strategy for March 28

Read the complete strategy here- Key share market cues, important levels to watch in Nifty50, Nifty Bank today