MARKET LIVE: Sensex rallies 400 pts, tops 48,000; defensives on backfoot


: After a gap-down start, amid a record single-day spike of over three lakh Covid-19 cases, benchmark indices turned positive in the midday deals on Thursday.

The benchmark S&P BSE Sensex used to be quoting at 47,950 levels, up 250 points or 0.5 per cent. On the NSE, the Nifty50 used to be hovering above 14,350 levels.

In the broader markets, the S&P BSE MidCap index used to be up 0.3 per cent while the S&P BSE SmallCap index gained 0.7 per cent.

Among key sectoral indices on the NSE, the Nifty Bank index used to be the top performing index, up 2 per cent, followed by the Nifty Metal and Private Bank indices, up 1.9 per cent and 1.7 per cent, respectively. On the downside, the Nifty FMCG, IT, and Pharma indices were down up to 0.6 per cent. 

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