MARKET LIVE: Sensex rises 250 points, Nifty above 17,300
erased opening gains and were off highs in early deals. The
On the Sensex, Sun Pharma, Dr Reddy’s, Tata Steel, Bajaj Finance, Kotak Bank, IndusInd Bank, M&M and Bharti Airtel led gains, rising up to 2 per cent. On the Nifty, Tata Consumer, Tata Motors and ONGC were the additional top winners.
On the flip side, Axis Bank, PowerGrid, Maruti, NTPC, SBI Life, Bajaj Auto and Britannia were the top laggards, down up to 4 per cent.
The broader markets were also in green with the BSE MidCap and SmallCap indices gaining up to 0.73 per cent.
Sectorally, Nifty pharma, realty and psbs were the leading winners. Other notable gainers included IT, auto, financials and metals. Nifty FMCG was the sole loser.
Among stocks, Shriram Transport Finance rose over 6 per cent as the company posted a 44 per cent increase in net profit in the for Q4 to Rs. 1,086.13 crore.
, meanhwile, fell 6 per cent. The company has reported a net consolidated loss of Rs 15.85 crore for Q4 vs Rs 23.71 crore last year.