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MARKET LIVE: Sensex up 300 pts amid volatility; M&M, SBI gain up to 3%


Domestic equity markets wiped off opening losses and edged higher in Monday’s intra-day trade. Key indices Nifty50 climbed over 100 points to trade above 17,650 levels and the S&P BSE Sensex jumped over 400 points to trade at 59,261 levels.
 


Broader markets, too, rose in tandem as Nifty SmallCap 100 and Nifty MidCap100 surged up to 0.2 per cent.

 


Barring Nifty Pharma, all sectors steered in positive direction. Nifty IT and Nifty PSU Bank led the charge – as they climbed in the range of 1 per cent to 2 per cent.

 

Among individual stocks, Ambuja Cements was in limelight, as the stock scaled record high on rallying 8 per cent after the Adani group announced its plan to infuse Rs 20,000 crore in the company. For brokerages outlook on the stock, click here

shares of ONGC gained 1 per cent in a volatile market after the company sought to scrap windfall profit tax levied on domestically produced crude oil from the government.

gained over 2 per cent after the company plans to launch their Rs 250 crore share buyback offer on September 27.





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