MARKET LIVE: Indices trade higher in volatile session; realty stocks gain

LIVE market updates: The domestic benchmark indices held on to their gains but were off the day's top in the late morning deals of Tuesday's volatile session.

The S&P BSE Sensex reclaimed the 50,000-mark and was trading 310 points up at 50,060 levels, having earlier risen to as high as 50,327. The Nifty50 index also surpassed the 14,800-mark. ONGC surged 6 per cent and was the top Sensex gainer, followed by Axis Bank and Bajaj Finance (both up over 1%). Reliance Industries also ticked up over 1 per cent after announcing that it has begun the process of carving out the O2C business into an independent subsidiary.

The Nifty sectoral indices traded in the green, with Nifty Realty index, up 3 per cent, leading the way.