Stock Market LIVE Updates: GIFT Nifty indicates a strong start; US, Asian markets gain

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Benchmark indices started the week on strong note, with the Nifty 50 rising 0.5 percent to close above 22,500 on a day of supportive global cues with weak market breadth.

At close, the Sensex was up 341.04 points or 0.46 percent at 74,169.95, and the Nifty was up 111.55 points or 0.50 percent at 22,508.75. BSE Midcap index ended up 0.7 percent and smallcap index ended on a flat note.

Bajaj Finserv, SBI Life Insurance, Dr Reddy’s Labs, Trent, Axis Bank were among the top gainers on the Nifty, while losers included Britannia, Hero MotoCorp, Wipro, BPCL, ITC.

On the sectoral front, auto, bank, metal, power, pharma rose 0.5-1.5 percent, while realty, media were down 0.5 percent each.

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