MARKET LIVE: Sensex up 350pts, Nifty nears 17,300; M&M rises 6%

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Indian requests opened in a positive home on Monday morning at BSE. Nifty50 rose over 50 points to,222 situations, while the S&P BSE Sensex climbed0.2 percent to,823 situations.

Broader requests, too, were buoyant in the trade as Nifty Midcap 100 and Nifty Smallcap 100 inched advanced up to0.5 percent.
Sectorally, Nifty Auto and Nifty Media owned the spotlight as they climbed up to 2 percent in trade.

Among individual stocks, shares of YES Bank surged 6 percent to Rs15.8 all on the BSE after the Board decided to vend up to 10 percent stake to US private equity enterprises Carlyle Group Inc and Advent International for$1.1 billion. READ further
Besides, shares of IDFC First Bank zoomed 10 percent to a high of Rs41.30 inintra-day trades on Monday after the private sector bank reported a strong set of earnings in Q1FY23. READ further

After the US Federal Reserve Chairman Jerome Powell’s commentary dismissing recession fears and retaining pacifist station once the frugality is back on track, judges anticipate the Reserve Bank of India to go readily on policy tightening after their 3- day meeting listed on August 3- 5. WATCH FULL REPORT

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