LIVE market updates: The Indian markets traded nearly 1 per cent higher in Thursday’s morning deals ahead of the February series derivative contracts expiry.
Among the headline indices, the S&P BSE Sensex zoomed 400 points to 51,210 levels and the Nifty50 index reclaimed the 15,100-mark. Axis Bank rose 3 per cent and was the top Sensex gainer after the Irdai gave its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by the bank and its subsidiaries. Max Financial, meanwhile, rallied 10 per cent in intra-day deals.
Meanwhile, Nureca listed at Rs 635 apiece, a premium of 59 per cent against issue price of Rs 400.
The Nifty sectoral indices were painted green, with Nifty Private Bank index, up 2 per cent, leading the way.