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Stock Market Live: Sensex rises 250 pts, Nifty near 17,050; Reliance up 1%

By Kemal Pasha

Opening Bell: The key benchmark indices started Tuesday’s session on firm ground tracking positive global cues as fears related to the banking crisis in the West seemed to subside. The BSE Sensex opened 250 points higher at 59,913, and the NSE Nifty50 gained 65 points to reach right above 17,050.


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Opening Bell: The key benchmark indices started Tuesday’s session on firm ground tracking positive global cues as fears related to the banking crisis in the West seemed to subside. The BSE Sensex opened 250 points higher at 59,913, and the NSE Nifty50 gained 65 points to reach right above 17,050.


Reliance, Bharti Airtel, Axis Bank Bajaj twins, Nestle, Titan, L&T, ICICI Bank and HCL Tech were the top winners on the Sensex, while Adani Enterprises and SBI Life were the additional gainers on the Nifty.


On the flip side, ITC, PowerGrid, IndusInd Bank, Sun Pharma, Infosys, Tech M, M&M and JSW Steel were the top laggards across the two frontline indices.

The broader markets opened with slightly larger gains. The BSE MidCap and SmallCap indices rose up to 0.5 per cent.

Sectorally, defensives like Nifty IT, pharma and FMCG indices were the only losers, down up to 0.7 per cent. On the other hand, Nifty PSU Bank and consumer durable index rose the most, up almost a per cent each.

Among stocks, shares of HDFC AMC rose 2 per cent after SBI Mutual Fund bought a 2.2 per cent stake in the AMC worth Rs 757 crore in open market transactions on Monday, as GQG Partners sold off 1.16 per cent stake.  

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Kemal Pasha