Sensex rises 300 pts, Nifty above 24,650; Titagarh Rail Systems up 5%

Indian equities after opening lower, recovered sharply and were trading in the positive territory amid mixed global cues and as investors await India’s consumer price index (CPI) data for July.

The BSE Sensex was trading at 80,889.47, up 285 points or 0.35 per cent and the NSE Nifty50 quoted 24,682.75, 98 points or 0.4 per cent.

ICICI Bank, BEL, HDFC Bank, Kotak Bank and Axis Bank were among the top laggards falling up to 1.02 per cent, while Tech M, M&M, TCS, Tata Steel and L&T were among the top gainers rising up to 1.2 per cent.

Among the broader markets, the Nifty MidCap100 slipped 0.1 per cent, while SmallCap indices was flat.

Sectorally, Nifty Media was up 1 per cent, followed by Nifty IT up 0.93 per cent, Nifty Metal 0.83 per cent and Nifty Energy 0.45 per cent. Conversely, Nifty Private Bank as down 0.21 per cent.