Stock Tips| Nifty | Bank Nifty Updates 17 May 12

The BSE Sensex and NSE Nifty saw nice pull back on Thursday morning, rising nearly 1% following upmove in Asian markets. Somewhat short covering was seen as the market had fallen in previous seven out of nine sessions due to Greece political crisis and depreciation in rupee.The Indian market opens for trade this morning on a strong note.Sensex is trading at 16163, up 133 points from its previous close, and Nifty is at 4902, up 44 points.