Sensex gains 231 points, Nifty ends above 9,350; ICICI Bank up 9% post Q4

The market breadth, indicating the overall health of the market, was slightly positive

The benchmark indices settled higher on Thursday as banking stocks climbed on a government's move to tackle surging bad loans, with ICICI Bank up over 9% after it said additions to non-performing loans would be lower this year.

The Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday approved a new framework for dealing with Rs 6 lakh crore worth of non-performing assets (NPAs) in the banking system. 

The framework includes the promulgation of an Ordinance to amend the Banking Regulation Act to give more teeth to the Reserve Bank of India (RBI) and its oversight committees to act