Nifty above 5900; M&M Fin, L&T Fin up 5% on Bank Bill pact

After staying lacklustre for half a day, markets are likely to react positively to BJP chief LK Advani's statement that Opposition and the government have reached an agreement on Banking Bill. The implication of the news have started to impact stocks like M&M Financials (up 4.87%) and L&T Financial Holdings (4.95%), Shreeram Transport (1.23%) and Reliance Cap (2.76%). Bank Nifty rose 0.11%.

At 13.02 am , the Sensex was up 34.64 points or 0.18% at 19421.78, and the Nifty was up 7.05 points or 0.12% at 5905.85. Gitanjali Gems, Shoppers' Stop, KPIT Cummins gained above 2% each. Adhunik Metalik is the biggest smallcap gainer, rising above 12%.