Sensex rises 196 points, Nifty settles above 11,000 helped by banking stocks

BSE Sensex closed higher by 196.19 points, or 0.54%, to 36,519.96, while the Nifty 50 rose 71.20 points, or 0.65%, to close at 11,008.05. BSE MidCap and SmallCap advanced 2.14% and 1.12%, respectively.All the sectoral indices on BSE, except FMCG, ended with gains led by oil and gas, energy, bankex, basic materials and healthcare. FMCG fell 0.80%. On NSE, Nifty PSU Bank Index surged 3.86% led by Union Bank, PNB and Bank of Baroda.HPCL, IOC, SBI, Sun Pharma and ICICI Bank were among the major gainers, whereas Hindustan Unilever, Bharti Airtel, IndusInd Bank, ITC and Eicher Motors were among top losers.
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