Nifty trades above 17850. Banking stocks lead the index

Indian benchmark indices trade higher amid mixed global cues. Nifty is around 17850, while the Sensex is around 59979.

All of the sectoral indices are in green. Banking stocks lead the index. Oil & Gas and Realty stock are also in focus. 

Right now, Grasim is the top gainer with 2.82 % gains, followed by ONGC with 2.79 % gains. Bajaj twins are witnessing selling pressure due to profit-booking. 

At present, it seems to be a day of optimism. However, the rising Omicron cases pose a threat. As a result, volatility may haunt the markets.