MARKET LIVE: Sensex up 300pts, Nifty50 above 18,100; IT, metal stocks shine

MARKET LIVE UPDATES

Domestic equity markets edged higher in Thursday's intra-day trade, amid strong global sentiments.

Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex gained over 350 points to trade around 61,660 levels.

Broader markets, too, rose in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.6 per cent.

All sectors traded in the positive territory, with Nifty IT and Nifty Metal indices taking the lead and climbing over 1 per cent each.

Among individual stocks, shares of upstream oil companies mainly Oil & Natural Gas Corporation (ONGC) and Oil India gained up to 4 per cent after the government cut the windfall profit tax on domestically produced crude oil. READ MORE

Besides, shares of InterGlobe Aviation, which runs IndiGo airlines, fell 5 per cent after over 4 per cent equity of the airline company changed hands via block deals. READ MORE