Stock market updates LIVEIndia’s benchmark indices fluctuated between gains and losses in midday trading on Monday’s volatile session, and gains in finance were offset by losses in index heavyweight Reliance industries.
The S&P BSE Sensex was hovering around 48,770 levels, having previously risen to 49,010 levels in intraday trading. The broader Nifty50 index was testing the 14,450 mark. Reliance Industries fell 4% after the announcement of its December quarter results. The conglomerate saw its profits rise 12.5 percent to 13,101 crore during the quarter. Additionally, Asian Paints and HCL Tech also fell 2% each. On the other hand, UltraTech Cement was up 2 percent and was the main winner for Sensex.
The Nifty sector indices were mixed, with the Nifty Pharma index trading 2% higher.
In the broader markets, the S&P BSE MidCap and SmallCap indices fell 0.9% and 1.7%, respectively.
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