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MARKET LIVE: Sensex off highs, up 500pts; Nifty holds 17,100; M&M gains 4%

Stock market live updates: In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, up to 1.4 per cent higher.

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MARKET LIVE | Markets | Nifty

SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

BSE-1
Stock market live updates: The key benchmark indices continued to trade on a bouyant note on Tuesday well supported by steady gains in IT, auto, FMCG and financial shares. Index heavyweight Reliance Industries too was up smartly.

The BSE sensex was up around 650 points at 57,245, and the NSE Nifty was firm around 17,165 odd level.

The broader markets were also up firmly - the BSE Midcap and Smallcap indices were up 1.6 per cent and 1 per cent, respectively. The overall breadth too was fairly positive, with more than two advancing shares for every declining stock on the BSE.

Mahindra & Mahindra was the top gainer among the Sensex 30 shares, up 4 per cent. IndusInd Bank too jumped 3.5 per cent.

Bajaj Finance, SBI and Infosys were rallied around 2 per cent each. Sun Pharma, Dr.Reddy's, Axis Bank, Hindustan Unilever, ITC, Titan and Bharti Airtel were the other prominent gainers.

Sectorally, the BSE Auto index rallied 2.5 per cent. The Power and Realty indices surged 2 per cent each. The Oil & Gas, Bankex, IT, Healthcare and FMCG indices were also up over a per cent each. All sectoral indices were in positive zone.

Among stocks, Zee Learn cracked 15 per cent, and YES Bank rose 1 per cent. The bank has moved NCLT seeking initiation of insolvency proceedings against Zee Learn for a default of Rs 468 crores with respect to a financial facility. 

Mahindra CIE Automotive surged nearly 17 per cent on reporting strong Q4 results. The company posted a 18.22 per cent YoY growth in revenue at Rs 2,588.36 crore. The net profit for Q4 was up nearly 16-fold at Rs 161.43 crore. 

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