Stock market LIVE updates: The Indian benchmark indices fluctuated between gains and losses in noon deals of Monday’s volatile session, with gains in financials being offset by losses in index-heavyweight Reliance Industries.
The S&P BSE Sensex hovered around 48,770 levels, having earlier risen to 49,010 levels in intra-day deals. The broader Nifty50 index was testing the 14,450-mark. Reliance Industries dipped 4 per cent post the announcement of its December quarter results. The conglomerate saw its profit jump 12.5 per cent to Rs 13,101 crore during the said quarter. Besides, Asian Paints and HCL Tech also slipped 2 per cent, each. On the other hand, UltraTech Cement climbed 2 per cent and was the top Sensex gainer.
The Nifty sectoral indices were mixed, with the Nifty Pharma index trading 2 per cent higher.
In the broader markets, the S&P BSE MidCap and SmallCap indices slipped 0.9 per cent and 1.7 per cent, respectively.