- A sharp surge is visible on the market during the afternoon session, with the Sensex rising over 150 points. The Nifty is advancing gains around 10,750-mark. Reversal of losses in financials along with a surge in metals and IT names are pushing indices higher. Upmove in auto stocks such as Tata Motors is also aiding the rally. Midcaps continue to have a day of underperformance to the benchmarks. Tata Motors, Asian Paints and Reliance are the top gainers on both indices, while SBI, Maruti Suzuki, BPCL and UltraTech Cement are under pressure.
Equities have begun the day on a lower note, with the Sensex shedding around 50 points, while the Nifty held 10,700 in the opening tick. The market breadth was in favour of advances.
The Sensex is down 48.69 points or 0.14% at 35167.63, and the Nifty down 16.30 points or 0.15% at 10701.50. About 302 shares have advanced, 229 shares declined, and 59 shares are unchanged.
Selling is visible across all sectors, barring Nifty IT, which is trading over half a percent higher. Big cuts are visible in financial names, with Nifty Bank falling 0.40 percent. Midcaps too are trading lower.
OMC stocks have taken a hit on the back of higher crude oil prices.
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