Live Stock Market Updates – Nifty tests 9700, Sensex above 31300, Oil stocks rise

Benchmark indices continued to trade higher amid consolidation in morning trade.
The 30-share BSE Sensex was up 47.64 points at 31,359.21 and the 50-share NSE Nifty rose 10.50 points to 9,668.05.
 ICICI Bank recouped opening losses, to trade higher with nearly a percent gains after the stock price adjusted for bonus shares issue.
The country's largest private sector lender, on May 3, announced issue of bonus shares in the ratio of 1:10 i.e one equity share of Rs 2 each for every ten fully paid-up equity shares held (including ADS holders) as on the record date.
The record date for issue of bonus shares is fixed as June 21.



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