MARKETS: Sensex, Nifty pare gains; Tata Motors rises 3%, Sun Pharma down 2%

MARKETS: Sensex, Nifty pare gains; Tata Motors rises 3%, Sun Pharma down 2%

Opening Bell LIVE market updates: Bulls are tightening their grip over Dalal Street, firmly supporting gains in early deals. Resumption of FII buying, a solid economic recovery, and robust are some of the factors bolstering the sentiment.

The BSE Sensex index is quoting 253 points higher at 60,392 levels in early morning trades while the is holding above the 18,000-mark.

NTPC, Titan, Bajaj Finance, Power Grid, L&T, and Bajaj Finserv are the top gainers on the 30-pack index and Tech M, IndusInd Bank, Tata Steel, and Sun Pharma are the top laggards.

Individually, shares of advanced 3 per cent after the auto major reported a consolidated net loss of Rs 4,415.5 crore for the quarter ended September owing to the dual impact of semiconductor shortage and high input prices. The company had posted a net loss of Rs 314 crore in the year-ago period.

In the broader markets, the BSE MidCap and SmallCap indices gained about 0.3 per cent and 0.6 per cent, respectively. Sectorally, the Nify Metal index is leading the list of losers, down 0.5 per cent. On the upside, the Nifty PSU Bank and Auto indices are up over 1 per cent each.

============================================================= Pre-open session (Updated at 9:09 AM) LIVE market updates: Buyers are trying to make a comeback on the Street for second straight day. The BSE Sensex was up 246 pointd at 60,384 levels at 9:07 AM while the neared 18,000-mark at 17,990 levels. PowerGrid, M&M, Titan, Bajaj Finance, and ITC were the top Sensex gainers in the pre-open session while IndusInd Bank, Nestle India, and Dr Reddy’s Labs were the only losers. ============================================================== (Updated at 8:20 AM) LIVE market updates: Stock-specific action, Q2 results, and global cues will guide the indices on Tuesday.

On Monday, the BSE benchmark index reclaimed its 60,000-mark, and the NSE Nifty surged past the 17,900-level, with gains of 831 and 258 points, respectively.

Primary Market action

Policy Bazaar (PB Fintech Ltd) IPO subscription had crossed the half-way mark by close on Day 1 of the issue. Sigachi and SJS Enterprises IPO were subscribed over 9x and 30 per cent, respectively.

Fino Payments Bank IPO closes today, and the issue has been nearly subscribed at close on Monday.

Earnings Today

Bharti Airtel, Bank India, Bombay Dyeing, eClerx, Gillette India, HCL Infosys, Indoco Remedies, Jindal Steel & Power, Minda Corp, PNB Housing, Radico Khaitan, Thangamayil Jewellery, Thirumalai Chemicals, Trent, Unichem Labs and Union Bank of India. Global cues

The US ended higher on Monday led by Tesla and energy shares. The Dow Jones was up 0.3 per cent, the S&P 500 gained 0.2 per cent and the Nasdaq added 0.6 per cent.

This morning in Asia, Hang Seng had soared 1.7 per cent. Kospi had rallied 1.5 per cent, and Taiwan Weighted index was up 0.6 per cent. Shanghai Composite had also moved up 0.2 per cent. Nikkei, however, had slipped 0.4 per cent and the S&P/ASX200 was down 0.4 per cent.

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