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MARKET LIVE: Sensex holds gains, up 600 pts; broader indices underperform

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar
Stock brokers react to the movement share prices on BSE Sensex in Mumbai. (Photo: Kamlesh Pednekar)
Indian benchmark indices were trading in the green, in line with their Asian peers, on Monday as investors placed their hopes on a coordinated global monetary policy response to weather the damaging economic impact of the coronavirus epidemic.

The S&P BSE Sensex was up 654 points, or 1.7 per cent, at 38,930 levels. ICICI Bank (up 3 per cent), Reliance Industries, ONGC, TCS, and Nestle India were all up 2 per cent each. On the other hand, Mahindra & Mahindra was down 2 per cent.

The broader Nifty50 index gained 185 points, or 1.66 per cent, at 11,390 levels. All the Nifty sectoral indices were in the green. Nifty Metal index, up 2.5 per cent, rose the highest.

In the broader market, the S&P BSE MidCap index surged 215 points, or 1.47 per cent, and the S&P BSE SmallCap index was up 213 points, or 1.56 per cent.

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