Stock market update: Benchmark indices quickly reversed Monday’s opening losses, led by gains in financial and metals stocks. The S&P BSE Sensex has recovered over 700 points from intraday lows. At 11:30 am, the index had fallen 100 points to 59,222. Meanwhile, the Nifty50 has him hovering around the 17,550 mark, down 40 odd points.
In the broader market, the BSE Mid and Small Cap Index fell by up to 0.5%. Meanwhile, by sector, the Nifty Metal Index rose 1%, with NSE leading the way. Meanwhile, the Nifty Oil and Gas Index was the NSE’s biggest loser, down 4%.
Bajaj Finance was the top Sensex, up 5% from Q3 results. read here
Adani Enterprise Following the group’s detailed 413-page rebuttal to allegations by Hindenburg Research, it fell sharply from a 10% top-circuit level hit in early trading. At 11:40 am, the stock was up just 2%.