BSE Sensex rises over 300 points, while the Nifty 50 trades above 10,260. Here are the latest updates from the markets

Benchmark BSE Sensex regained the key 33,000 mark at the start of trading on Friday after buying by retail investors and domestic institutions gathered momentum amid strong global cues, PTI reported. The broader NSE Nifty too went past the 10,200-level. All sectoral indices in the green, led by consumer durables, bank, metal and auto. Brokers said unabated buying by retail and domestic institutional investors and a firm trend in other Asian markets influenced sentiment. Prominent gainers included Tata Motors, Bharti Airtel, Adani Ports, ICICI Bank, Axis Bank and Maruti Suzuki. Here are the latest updates from the markets:

2.33 pm IST

BSE Sensex traded higher by 312.48 points, or 0.95%, to 33,261.69, while the Nifty 50 rose 101.15 points, or 0.99%, to 10,267.85.

Tata Motors global wholesales rise 22%
Tata Motors group global wholesales in November rose 22% at to 112,473 units compared to the last year. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in November increased 51% to 40,845 units. Global wholesales of all passenger vehicles up 10% to 71,628 units.

Bank Nifty was the outperforming sector, which was up by nearly 1% led by HDFC Bank, ICICI Bank, Yes Bank and Axis Bank.

trading on a positive note. Bank Nifty was the outperforming sector which was up close to 1% led by HDFC Bank, ICICI Bank, Yes Bank and Axis Bank.

Nifty PSU Bank was the only loser among sectoral indices, dipping 0.5%. Union Bank of India, SBI, Bank of India, Syndicate Bank, PNB, Andhra Bank and Canara Bank fell 0.2-1%.

All the BSE sectoral indices were trading higher, led by metal (+2.16%), auto (+1.1%), FMCG (+1.3%), Healthcare (+1.1%), Banks (+0.88%) and oil & gas (+0.51%).

At 2:38 PM, the S&P BSE Sensex was trading at 33,272, up 322 points, while the broader Nifty50 Index was ruling at 10,256, up 85 points.

In broader markets, the BSE Midcap and BSE Smallcap indices were up 0.84% and 1.18%, respectively.

Jet Airways stock slipped over 4% on weak quarterly earnings.

source: livemint.com