MARKET LIVE: Indices off day’s high; Sensex up 700 pts, Nifty above 7,…

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Frontline index S&P BSE Sensex was still up 802 points, or 3.1 per cent, at 26,790 levels. Earlier, the index had surged to as much as 27,463 levels. The Nifty index hovered around 7,830 levels, up 220 points, or 2.8 per cent.

Tech stocks led Tuesday’s gains. Infosys jumped 14 per cent while HCL Tech was up 6 per cent. Besides, Bajaj Finance rebounded 19 per cent off the day’s low while IndusInd Bank plunged 30 per cent intra-day before paring majority of the losses to trade 5 per cent lower.

All the Nifty sectoral indices, except Nifty Realty index, gained. Nifty IT index was up 6.8 per cent. Nifty Bank index was up 1.9 per cent after falling over 4 per cent intra-day.

In the broader market, the S&P BSE MidCap index was up 118 points, or 1.22 per cent, while the S&P BSE SmallCap was down 92 points, or 1 per cent.

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