Realty, banking stocks lift indices higher, Yes Bank jumps by 6.6 pc

Equity benchmark indices closed in the positive zone on Thursday led by strong gains in banking and realty stocks. Several investors hoped the upcoming Union Budget will have policy and fiscal measures to get the economic momentum back on track.The BSE SandP Sensex closed 271 points or 0.6 per cent higher at 41,386 while the Nifty 50 was up by 73 points at 12,180. All sectoral indices at the National Stock Exchange were in the green except for Nifty media which dipped by over 2 per cent. Among stocks, Yes Bank spurted by 6.63 per cent to Rs 41 per share after State Bank of India (SBI) Chairman Rajnish Kumar said private sector lender will not be allowed to fail, and that some solution will emerge to straighten its financial condition.