MARKET LIVE: Sensex up 600 points, handily above 17,950; Ultratech up 3%

Key Indices Nifty50 climbed over 150 points to trade above the 17,950 levels and the S&P BSE Sensex moved up over 700 points, reaching a high of 60,695 levels. Sector-wise, the Nifty IT and Nifty Auto indices took the lead, as they rose more than 1 percent each. Nifty Metal and Nifty PSU Bank, however, fell to 0.3 percent. Among individual stocks, Bandhan Bank shares fell 10 percent to hit the 10-month low of Rs 244.55 per share after the private sector lender reported a weak operating performance for Q2FY23. READ MORE

In addition, shares of Maruti Suzuki India rose nearly 3 percent to hit a new 52-week high of Rs 9,737.40 after the automaker reported a strong Q2FY23. READ MORE

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