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Share market: IT shares fall; Sensex rises over 200 points; Nifty50 tops 10,800; Bandhan Bank jumps 6%

Share Market Today: Indiabulls Housing Finance, Yes Bank, Indian Oil, State Bank of India and Tata Motors were the top five Nifty gainers.The Nifty IT index was trading 0.38 per cent down at 14,683.25 on Thursday with most of its components trading in the red. 
Shares of MindTree (down 1.67 per cent), Tata Consultancy ServicesNSE -1.33 % (down 1.27 per cent),Tata ElxsiNSE -0.69 % (down 0.93 per cent) and Tech Mahindra (down 0.88 per cent) were the top losers in the index. HCL Technologies (down 0.53 per cent), Wipro (down 0.15 per cent) and NIIT Technologies (down 0.09 per cent) 
too were trading in the red. 



Bandhan Bank surges 6% as RBI allows it to open 40 new branches - Bandhan Bank shares surged over 6 per cent in early trade on Thursday as the Reserve Bank of India allowed Bandhan Bankto open as many as 40 new branches, the first time since it put a restriction on the bank's branch opening spree three months back. 

Top gainers in morning trade include Yes Bank, SBI, Tata Motors, Vedanta, BHarti Airtel, Infosys, HUL, Asian Paints, Wipro and ITC, rising up to 3 per cent.

Sun Pharma, on the other hand, was the top losers on both indices, falling up to 2 per cent, after market regulator Sebi Wednesday said it was examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.

Other losers include Hero MotoCorp, Coal India and HDFC, shedding up to 1 per cent.Asian shares and the pound moved higher as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet US demands to open its markets.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent in early Asian trade after US stocks finished the previous session higher.
On Wednesday, official data showed that inflation in November fell to a 17-month low of 2.33 per cent, driven by falling food prices. below the central bank's medium term target of 4 per cent. This marked the fourth straight month in which retail inflation stood below the central bank's medium-term goal of 4 per cent.
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