Sectoral rally led by PSU banks, consumer durables, while metals fall

Nifty PSU Bank index rose close to 1% on strong buying in public sector banks. Consumer durables advanced 0.73%, oil & gas added 0.69%, and financial services grew 0.63%. In contrast, Nifty Metals slipped over 1%, and IT, FMCG, media and realty showed relative weakness.