MARKET LIVE Sensex up 600 points, and Nifty holds 17,150; broader markets rallying
The fundamental benchmark indices resumed trading positively on Tuesday, reinforced by continued improvements in IT, auto, FMCG, and financial shares. Index heavyweight Reliance Industries, too, was up smartly. The BSE Sensex was up about 650 points at 57,245, and the NSE Nifty was strong at approximately 17,165 odd tiers.
The more comprehensive markets were also up firmly - the BSE Midcap and Smallcap indices were up 1.6 percent and 1 percent, respectively. The overall breadth was relatively positive, with more than two advancing shares for every declining stock on the BSE. Mahindra & Mahindra became the highest gainer among the Sensex 30 shares with a 4 percent raise. IndusInd Bank too hopped to 3.5 percent.
Bajaj Finance, SBI, and Infosys rallied around 2 percent each. Sun Pharma, Dr. Reddy's, Axis Bank, Hindustan Unilever, ITC, Titan, and Bharti Airtel were prominent gainers. Sectorally, the BSE Auto index rallied 2.5 percent. The Power and Realty indices surged 2 percent each. On the other hand, some of the gainers like Oil & Gas, Bankex, IT, Healthcare, and FMCG indices show some good rise in Sensex points a percent each. All sectoral indices were in the positive zone.
Among stocks, Zee Learn cracked 15 percent, and YES Bank rose 1 percent. The bank has moved NCLT seeking initiation of insolvency proceedings against Zee Learn for default of Rs 468 crores concerning a financial facility.