MARKET LIVE: Sensex, Nifty50 flat; PSU Bank index advances 2%- QHN


While benchmark index Nifty50 traded flat below 18,500 levels, the S&P BSE Sensex hit a new record high of 62,447 levels, which later got diffused.

Broader markets, meanwhile, outperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices climbed up to 0.4 per cent.

All sectors shifted between gains and losses. Nifty PSU Bank index gained the most – up to 2 per cent, whereas Nifty IT, Nifty FMCG, and Nifty Metal indices declined the most – over 0.3 per cent each.

Among individual stocks, shares of PNB surged 8 per cent to hit a 21-month high of Rs 54.90 per share after it received the government’s approval to divest its entire stake in UTI Asset Management Company (AMC). READ MORE

Besides, shares of L&T gained over 1 per cent after the construction arm bagged significant orders. READ MORE

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