MARKET LIVE: Sensex up 200pts, Nifty near 16,850; Financial shares gain

: The key benchmark indices had pared gains in noon deals owing to weakness in select index heavyweights like Infosys and ITC.

The which touched a high of 53,428, was up around 200 points near the 53,000-mark. The Nifty50 was up 50-odd points.

Among the 30 stocks, SBI, NTPC and Maruti were the major gainers, up 2-3 per cent each. IndusInd Bank,  Kotak Bank, Mahindra & Mahindra, Tata Steel and Bajaj Finance were the other notable gainers. Meanwhile, UltraTech Cement and Asian Paints slipped around 2 per cent each. Tech Mahindra, Infosys and ITC were the other losers.

The broader were outperforming the benchmark indices. The MidCap and SmallCap indices were up to 0.9 per cent and 0.4 per cent as against a 0.3 per cent gain on the benchmark at 12:45 PM.

Shares of Ambuja Cement and rallied up to 6 per cent on the after the Adani Group announced the acquisition of Swiss cement major Holcim’s stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers. READ MORE

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