LIVE market updates: The Indian markets traded nearly half a per cent higher on Tuesday, lifted by metals, public sector bank stocks and Reliance Industries.
Among the headline indices, the S&P BSE Sensex was up 250 points at 50,040 levels and the Nifty50 index topped the 14,750-mark. ONGC surged 4 per cent and was the top Sensex gainer, followed by Axis Bank and Bajaj Finance (both up over 1%). Reliance Industries also ticked up over 1 per cent after announcing that it has begun the process of carving out the O2C business into an independent subsidiary.
All the Nifty sectoral indices traded with gains, led by Nifty Realty index, up 2 per cent. Nifty Metal index continued its outperformance and was last trading 1.5 per cent up.