Stock Market News Live : Sensex off opening high, Nifty Bank turns flat; RIL, auto stocks lead

 Market Check: Equity benchmarks opened sharply higher, tracking positive global cues and strong auto sales data.

The 30-share BSE Sensex was up 301.40 points or 0.96 percent at 31,585.12 and the 50-share NSE Nifty gained 84 points or 0.86 percent at 9,872.60.

Tata Motors, Eicher Motors, Hero Motocorp, Dr Reddy's Labs, Bank of Baroda and BPCL rallied 1-6 percent.

Nifty Midcap rallied 1 percent on strong breadth. About five shares advanced for every share falling on the NSE.

Jaiprakash Associates, Jaypee Infratech, Peninsula Land, PNC Infratech, L&T Finance, TVS Motor, VIP Industries, Havells and Manappuram Finance rallied 2-10 percent.

Reliance Communications plunged 6 percent and Tourism Finance fell nearly 3 percent.

Asia markets were mostly higher post US equities closing at record highs overnight.

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