Indian Stock Markets are again under control of Bulls as SEBI clarified issues regarding P-Notes. Bombay Stock Exchange Sensex was up by 859 points at 18,473 with a gain of more than 4 percent. NSE Nifty was also up by nearly 261 points. There was lot of buying in Banking Stocks and some select Power sector counters.

Bank of India moved up by 20%. Bank of Baroda, HDFC, PNB, HDFC Bank and SBI were among other gainers in banking sector. Stocks of select power companies were also strong. Reliance Energy was up by more than 7 percent. Suzlon was up after the company announced results.

Reliance was also up by 7%. The stock was trading near Rs 2600. SAIL and Tata Steel were also trading with decent gains.