he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.

MARKET LIVE: markets, sgx nifty, oil price, ircon, ril, bharti airtel

markets, investor, stock market, broker, trader

<div>
	<strong>Stock market updates</strong>: Improved economic situation, stability in bond yields globally, and &#39;buy on dips&#39; strategy worked in the favour of the bulls, pushing benchmark indices over 2 per cent higher on Wednesday.</div>
<br>
<div>
	Barring auto, all the key sectoral indices were trading between 1.5 per cent and 3.3 per cent higher on the National Stock Exchange (NSE) highlighting strength in the market. The Nifty PSU Bank and Metal indices gained over 3 per cent each on the NSE while the Nifty Bank, Financial Services, Private Bank, Realty, and IT indices were up between 1.8 per cent and 2.8 per cent.&nbsp;</div>
<br>
<div>
	The frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273. The index cooled-off marginally and settled at 15,246&nbsp; levels, up 326 points or 2.19 per cent.&nbsp;</div>
<br>
<div>
	On the BSE, the S&P BSE Sensex touched a high of 51,540 during the day but retreated to end at 51,445 levels, up 1,148 points or 2.28 per cent.</div>
<br>
<div>
	Blue-chip stocks such as Reliance Industries, HDFC, Infosys, ICICI Bank, HDFC Bank, and Axis Bank gave the index 800-points lift today. These stocks advanced in the range of 3 per cent to 5 per cent. Additionally, Bajaj Finance, Bajaj Finserv, SBI, IndusInd Bank, and Dr Reddy&#39;s Labs, all up between 2 per cent and 5 per cent, were the other top gainers.</div>
<br>
<div>
	Auto stocks such as Bajaj Auto, Maruti Suzuki, and M&M declined up to 1.35 per cent on the back of profit-booking and were the only top drags on the Sensex. Hero MotoCorp, BPCL, and Titan, down 1.5 per cent, 0.5 per cent, and 0.05 per cent, were the additional losers on the Nifty index.</div>
<br>
<div>
	In the broader market, the S&P BSE MidCap and SmallCap indices closed 1.4 per cent and 1.2 per cent higher, respectively.</div>
<br>
<div>
	<strong>Global markets</strong></div>
<div>
	Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year.&nbsp;</div>
<br>
<div>
	MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was up 1.12 per cent. Australian shares were up 0.82 per cent, while Japan&rsquo;s Nikkei stock index rose 0.45 per cent. Shares in China gained 1.27 per cent. E-mini S&P futures were up 0.36 per cent.</div>
<br>
<div>
	The pan-European STOXX 600 index rose 0.7 per cent, while the German DAX gained 0.9 per cent, France&rsquo;s CAC 40 was up 0.8 per cent and UK&rsquo;s FTSE 100 added 1 per cent.</div>
<br>
<div>
	<em><strong>(With inputs from Reuters)</strong></em></div>
<br>
<br>
<br>

RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K

Business Standard

RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K | News on Markets - Business Standard

Bank of Baroda closes its QIP; stock up 2%

&gt;&gt;&nbsp;The company, on Tuesday, said it has closed the qualified institutional placement (QIP) round, which was conducted to raise up to Rs 4,500 crore.<br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147441029584.jpg

JP Power gains over 3% after firm approves divestment of stake

&gt;&gt;&nbsp;Jaiprakash Power Ventures&#39;s board has approved disinvestment of 74 per cent stake in Jaypee Powergrid to Power Grid Corporation of India.<br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147440257908.jpg

&gt;&gt;&nbsp;State-run Bharat Petroleum Corp. Ltd will pay dividend to its shareholders after the stake sale in Assam-based Numaligarh Refinery Ltd is completed, BPCL, said on Tuesday.<br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147439180018.jpg

Ircon International tanks 6% as govt begins offloading stake via OFS

&gt;&gt;&nbsp;The offer for sale for up to 16 per cent government stake at a floor price of Rs 88 per share in railway PSU Ircon will open on Wednesday.The base issue size of the OFS is 10 per cent with a green-shoe option to retain over-subscription of 6 per cent.<br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147437696415.jpg

Ion Exchange slips in early deals as Jhunjhunwala offloads shares

&gt;&gt;&nbsp;akesh Radheyshyam Jhunjhunwala and his firm Rare Investments on Tuesday offloaded shares worth nearly Rs 65 crore in Ion Exchange India Ltd, through open market transactions.<br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147437012531.jpg

Sectoral trends on NSE :: Banks, metals support markets

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147436071402.jpg

Sensex Heatmap :: Only 4 stocks trade in the red

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147435314143.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147434649632.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147434119829.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1614742971321.jpg

Top gainers and losers on S&P BSE Sensex at Pre-open

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147428410175.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147427094984.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16147426467216.jpg

Trading tips by Ajit Mishra of Religare Broking

<div>
	<strong>Buy Colgate Palmolive (India) Limited</strong></div>
<div>
	&nbsp;</div>
<div>
	Target: Rs 1,690</div>
<div>
	&nbsp;</div>
<div>
	Stop loss: Rs 1,550</div>
<div>
	&nbsp;</div>
<div>
	Colgate has been consolidating in a range for the last one and a half months, after making a new record high at 1676 in January 2021. It has formed a strong base while holding firmly above the support zone of the medium-term moving average(100 EMA) on the daily chart. Indications are in the favour of a steady up move from hereon. We, thus, suggest creating fresh longs in the mentioned zone. <a href="https://www.business-standard.com/article/markets/trading-tips-by-ajit-mishra-of-religare-broking-buy-colgate-tata-motors-121030300194_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="" class="imgCont" height="NaN" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-12/17/full/markets-stock-markets-stock-market-trading-technical-analysis-technical-trading-1608188332-40952620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="NaN" /></div>
</div>
<br />

&gt;&gt; At 8:55 am, the index was up 73 points at 15,057 levels.<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-10/01/full/sgx-1601523849-85122620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
<br />