Stock Market LIVE: Sensex up 300 pts, Nifty near 22,500; M&M, JSW Steel shine | News on Markets

The S&P BSE Sensex touched a low of 73,460, and thereafter rebounded into the positive zone and quoted nearly 250 points higher at 73,935 levels. The Nifty50 index was seen hovering above the 22,450- level. M&M rallied 7 per cent on the Sensex, folowed by Tata Motors, Tata Steel, SBI, Kotak Bank, and Ultratech Cement. However, weighing on the index were losses in Axis Bank, Sun Pharma, IndusInd Bank, Asian Paints, Infosys, Reliance, Bajaj Finserv, ICICI Bank, and HUL.

In the broader markets, the BSE MidCap, and SmallCap indices were up nearly 1 per cent each. Meanwhile, the NSE MidCap 150 index hit a record high in trades today.