MARKET LIVE: Sensex soars 650 pts, Nifty holds 17,950; ITC up 2%, RIL 1%

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Key indices Nifty50 surged over 50 points to trade above 17,850 levels, whereas the S&P BSE gained over 300 points to reclaim 60,000 levels.
Broader markets, too, rose in tandem with benchmark indices, as MidCap 100 and SmallCap 100 indices advanced up to 1 per cent.

Barring Pharma index, which was fractionally lower in trade, all sectors swimmed in the sea of green. Nifty Metal, Nifty PSU Bank, and Nifty Realty indices gained the most, up to 1 per cent each.

Among individual stocks, shares of NDTV gained over 5 per cent after the after the company’s founders Prannoy Roy and Radhika Roy decided to sell 27.26 per cent shareholding in the broadcaster to Adani Group. READ MORE

Besides, shares of Usha Martin surged 13 per cent to Rs 161.95 on the BSE in Monday’s intra-day trade backed by heavy . READ MORE

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