Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Stock broker

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	<strong>Stock market updates</strong>: Volatility ran high in the domestic markets on Tuesday as investors tracked mixed signals from global peers and avoided taking aggressive bets in equities amid upward move in bond yields, yet again.&nbsp;</div>
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	European shares paused on Tuesday as investors sought to guess the bond market&#39;s next move, while weak German retail sales were a stark reminder of continued Covid-19 fallout on the region&#39;s biggest economy. Moreover, falls in Asian stockmarkets, after a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets, and a drop in oil prices also weighed on sentiment.&nbsp;</div>
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	The pan-European STOXX 600 share index edged 0.2 per cent higher, with Paris down, while Frankfurt and London eked out slim gains. In Asia, Chinese blue-chips slipped 1.3 per cent while Hong Kong&#39;s Hang Seng Index lost 1.2 per cent. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan slipped 0.33 per cent and Japan&#39;s Nikkei was down 0.8 per cent.</div>
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	Against this backdrop, benchmark indices witnessed wild swings during the session today. The headline S&P BSE Sensex traded in a range of 600 points and hit an intra-day high and low of 50,425 and 49,807, respectively. At close, the index was quoting at 50,297 levels, up 447 points or 0.9 per cent.&nbsp;</div>
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	M&M zoomed nearly 5 per cent and settled the session as the top gainer on the Sensex, followed by NTPC, Bajaj Auto, Tech M, Infosys, TCS, and Maruti Suzuki, all up in the range of 3 per cent to 4 per cent. On the downside, ONGC, HDFC, PowerGrid, Dr Reddy&#39;s Labs, and SBI were the only losers, down 0.2 per cent to 3 per cent.</div>
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	Meanwhile, on the NSE, the Nifty50 settled above the 14,900-mark, at 14,919 levels. The index was up 157 points or 1.07 per cent from Monday&#39;s close.</div>
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	Broader markets outperformed the benchmark indices today, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent and 1.6 per cent higher, respectively.</div>
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	On the sectoral front, only the Nifty PSU Bank index closed in the red for second straight day, down 0.04 per cent. On the higher side, the Nifty Auto and IT indices closed over 3 per cent higher each, while the Nifty Pharma, Realty, Private Bank, and FMCG indices ended up between 0.7 per cent and 1.5 per cent.</div>

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Business Standard

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally | News on Markets - Business Standard

Oil extends losses on worry over possible supply increase from OPEC

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	&gt;&gt; Oil prices fell more than 1% on Tuesday, extending losses that began last week, as investors unwound long positions on concern that OPEC may agree to increase global supply in a meeting this week and Chinese demand may be slipping.</div>
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	&gt;&gt; Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude slid 74 cents, or 1.2%, to $59.90 a barrel, having lost 1.4% on Monday.<br />
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	<em>(Source: Reuters)</em></div>

&gt;&gt; At 8:35 am, the index was trading 23 points higher at 14,816 levels.

Asian shares were also largely higher on. Korea&#39;s Kospi surged 1.7 per cent in early deals, Australian shares jumped 0.4% in early trade, while Japan&rsquo;s Nikkei slipped 0.2 per cent.

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	In the overnight session, Wall Street indices jumped as bond markets calmed after a month-long selloff, while another Covid-19 vaccine getting U.S. approval and fiscal stimulus also bolstered expectations of a swift economic recovery.</div>
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	The Dow Jones Industrial Average surged 1.95% and Nasdaq Composite jumped 3.01%. The S&amp;P 500 gained 2.38% and posted its strongest one-day gain since June.</div>

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Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Oil extends losses on worry over possible supply increase from OPEC

SGX Nifty Update

Asian market check

Wall Street alert

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