MUMBAI: A steady decrease rate in new Covid cases along with accelerated vaccination drive powered the rise of India's benchmark stock indices during the mid-afternoon trade session on Tuesday.

Around 2.50 p.m., the BSE Sensex traded at 50,192, higher by 611 points, or 1.23 per cent, from its previous close. Similarly, the Nifty50 of the National Stock Exchange traded at 15,100, up 180 points, from its previous close.

M&M, Bajaj Auto, Bajaj Finance, Titan, and Eicher Motors are the lead gainers while Bharti Airtel, ITC, UPL, Coal India and DR Reddy’s are the top losers.

Sector-wise, except for marginal losses in the FMCG space all other sectors traded in the positive territory. Nifty Auto stocks surge 3% while IT, Banking and Financial Services also remain bullish. Nifty PSU Bank stocks plunge 1.25% while FMCG stocks also continue to struggle.

Auto, banking and media stocks were up. On the other hand, FMCG, pharma and PSU bank in the red zone.  Meanwhile, Federal Bank’s board approves investment of Rs148cr in subsidiary - FFSL - through rights issue. Globally, robust trends were witnessed across Asian stock markets.

MCX Gold Watch: Gold trades flat after surging for two days, What about Silver

Amazon launches MiniTV, its in-app free video-streaming service exclusively for India

Max Life launches Saral Pension plan with guaranteed financial security