MARKET LIVE: Sensex holds 49,000; broader indices underperform benchmarks


Broker, BSE bull

Stock updates: The Indian were parked near record highs scaled in Monday’s opening deals, withe the S&P Sensex above 49,000, on the back of favourable global cues and strong Q3 earnings.
 

The S&P Sensex gained 400 points, or 0.8 per cent, at 49,190 levels and the Nifty50 index topped the 14,420 level. Technology stocks were the lead Sensex gainers, with Infosys, HCL Tech, and rising 3%, 2%, and 1%, respectively. Tata Consultancy Services’ profit jumped 7 per cent YoY in the December quarter to Rs 8,701 crore, according to the results announced post market hours on Friday.

Besides, shares of Avenue Supermarts gained 2 per cent after the firm posted a 16 per cent jump in Q3 profit.

The Nifty setoral indices were trading mixed, with Nifty IT index, up 2 per cent, leading the list of gainers.

Meanwhile, in the broader markets, the S&P MidCap and SmallCap indices were trading 0.3 per cent and 0.5 per cent lower, respectively.

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