The Sensex index settled above the 50,000-mark for the first time since March 23

bull, markets, shares, stocks, bse, growth, sensex, nse

<div>
	<strong>Stock market updates</strong>: Looking beyond the Archegos Capital default in the US, the Indian stock market remained the best performing Asian market on Tuesday. The headline S&P BSE Sensex and the Nifty50 indices each settled over 2 per cent higher today supported by gains in IT, pharma, and metal stocks.</div>
<br />
<div>
	The Sensex index settled above the 50,000-mark for the first time since March 23 at 50,136 levels, up 1,128 points or 2.33 per cent. The broader Nifty50 index, on the other hand, closed tad below the 14,850-mark at 14,845 levels, up 338 points or 2.33 per cent.&nbsp;</div>
<br />
<div>
	Infosys, Power Grid, HUL, HCL Tech, TCS, Nestle, and NTPC, HDFC twins were the outperforming stocks on the 30-share BSE barometer today, up between 3 per cent and 4 per cent, while UPL, JSW Steel, Tata Steel, Shree Cement, Wipro, and Divis Labs were the top stocks on the Nifty.</div>
<br />
<div>
	On the downside, M&M, Axis Bank, Bharti Airtel, and Hindalco were the only stocks in the red, down up to 0.32 per cent.&nbsp;</div>
<br />
<div>
	The broader markets, however, underperformed and closed with around a per cent gain. The S&P BSE MidCap index ended 0.98 per cent higher while the S&P BSE SmallCap index gained 1.3 per cent.</div>
<br />
<div>
	<div>
		On the sectoral front, the Nifty IT, Pharma, and Metal indices advanced nearly 3 per cent each on the NSE, while the Nifty FMCG and Financial Services indices closed with up to 2.5 per cent gains. On the contrary, the Nifty Realty index ended 0.03 per cent down in a firm market.</div>
</div>
<br />
<div>
	<strong>Global markets</strong></div>
<div>
	Asian share markets strengthened Tuesday as investors remained focused on the global vaccination program rather than the hedge fund default that hit international banking stocks overnight.</div>
<br />
<div>
	The MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was 0.6 per cent higher, while mainland China&rsquo;s CSI300 index rose 1 per cent. Hong Kong&rsquo;s Hang Seng Index added 1.2 per cent.</div>
<br />
<div>
	Japan&rsquo;s Nikkei, however, was flat, dragged down by Nomura share price weakness, while Australia sounded a weaker tone when the S&P/ASX200 closed down 0.9 per cent.</div>
<br />
<div>
	In Europe, the pan-European STOXX 600 index rose 0.5 per cent the German DAX rose 0.6 per cent.</div>
<br />
<div>
	<em><strong>(With inputs from Reuters)</strong></em></div>

Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136

Business Standard

Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136 | News on Markets - Business Standard

<div>
	<strong>Nazara Technologies:</strong> Shares of Nazara Technologies will be in focus as they are set to make their stock market debut today. The IPO which ran between March 17-19 was subscribed a whopping 175 times.<br />
	&nbsp;</div>
<div>
	<strong>DRL</strong>: Pharma major Dr Reddy&#39;s Laboratories (DRL) expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said. <a href="http://business-standard.com/article/markets/stocks-to-watch-nazara-tech-drl-adani-transmission-jsw-steel-biocon-121033000111_1.html?1617073472" target="_blank"><strong>READ MORE</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/03/full/1614714835-5733.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
</div>
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16170740894987.jpg

Oil prices slip as focus switches from Suez Canal blockage to OPEC+ supply policy

<div>
	Oil prices fell on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and attention switched to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new coronavirus pandemic lockdowns.</div>
<div>
	&nbsp;</div>
<div>
	Brent crude was down 15 cents, or 0.2%, at $64.83 a barrel by, after gaining 0.6% on Monday. US oil was down 1 cent at $61.55 a barrel, having fallen 1% in the previous session.<br />
	<br />
	<em>(Source: Reuters)</em></div>

&gt;&gt; At 8:35 am, the index was at 14,773 levels

In the overnight session on Wall Street, financials led the benchmark S&amp;P500 index to a slightly weaker close, down 0.09%, on news that some major banks had liquidated holdings. However, President Joe Biden&rsquo;s announcement that 90% of adults will be eligible for the Covid-19 vaccine next month helped stocks rally from lows, and the Dow Jones closed at another all-time peak, up 0.3%. Nasdaq, meanwhile, shed 0.6%

<div>
	Tracking a mixed close for US stocks overnight, Asia stocks fluctuated in early trade as investors weighed rapid progress in the US vaccine rollout against the broader impact of the Archegos blowup on lenders.</div>
<div>
	&nbsp;</div>
<div>
	Japan&#39;s Topix Index fell 0.8%, Australia&rsquo;s S&amp;P/ASX 200 Index rose 0.2% and South Korea&rsquo;s Kospi Index added 0.7%.</div>

Good morning, readers! Welcome to the Business Standard live blog.

Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136

The Sensex index settled above the 50,000-mark for the first time since March 23

Top stocks to watch today

Rupee check

Oil prices slip as focus switches from Suez Canal blockage to OPEC+ supply policy

SGX Nifty alert

Wall Street update

Asian markets check

Good morning, readers! Welcome to the Business Standard live blog.