MARKET LIVE: Sensex gains 300 points; BSE SmallCap index rallies 3%

The Indian markets were trading firm on Monday, with the Sensex and Nifty gaining over half a per cent. Meanwhile, the broader indices outperformed their benchmark peers after the Sebi tweaked rules for multi-cap mutual funds.

According to the new norms, multi-cap funds must hold at least 75 per cent of their assets in equities with 25 per cent each in large, medium and smaller companies. READ MORE

Consequently, the S&P BSE MidCap index rose 1.18 per cent while the S&P BSE SmallCap rallied over 3 per cent.

Among the headline indices, the S&P BSE was up 300 points at 39,160 levels and the Nifty50 index reclaimed the 11,550-mark. HCL Tech (4 per cent) gained the most after the company raised its guidance. Besides, Reliance Industries (up 1 per cent) hit a fresh all-time high. The HDFC twins, and IndusInd Bank were also trading 1 per cent higher.

The Nifty sectoral indices were all trading in the green, led by Nifty IT and Nifty Private Bank indexes, both up 1 per cent.
 

Results today
 

Apollo Hospitals Enterprise, Future Retail, HUDCO, and PVR are among the 446 companies scheduled to announce quarterly earnings today.