MARKET LIVE: Sensex surges 500 pts, Nifty tops 15,100; Max Financial up 10%

LIVE market updates: The Indian traded over 1 per cent higher after making a firm start on Thursday, on the back of favourable global cues, ahead of the February series derivative contracts expiry.

Among the headline indices, the zoomed 500 points to 51,300 levels and the index reclaimed the 15,100-mark. Axis Bank rose 3 per cent and was the top 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.

The Nifty sectoral indices were painted green, with Nifty Private Bank index, up 2 per cent, leading the way.


New listing

Shares of home healthcare and wellness products provider Nureca will list at the bourses today. The company’s Rs 100 crore public issue was subscribed nearly 40 times. The category for qualified institutional buyers (QIBs) was subscribed 3.10 times, non-institutional investors 31.59 times and retail individual investors (RIIs) 166.65 times.

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