INSUBCONTINENT EXCLUSIVE:
A media report on a possible vaccine for the coronavirus also helped the sentiments.
BSE flagship Sensex was up 100 points at 40,463 while
NSE benchmark Nifty added 29 points to 11,858
Broader market indices were faring better than benchmark with Nifty Smallcap adding 0.70 per cent to 6,083 while Nifty Midcap advanced 0.78
Nifty 500 was up 0.41 per cent at 9,798.
India VIX, the measure of volatility in the market, fell 2.22 per cent to 16.62.
All sectoral
indices were trading with gains on NSE
Nifty Metal and Nifty FMCG were among the biggest gainers, up 1.36 per cent to 2,503 and 1.33 per cent to 30,547, respectively
Nifty IT, and Nifty Media were among other gainers.
In the 30-share pack Sensex, HUL was the biggest gainer, up 2.23 per cent to Rs 2,265
ONGC, NTPC and Tata Steel were among other gainers that jumped more than a per cent each.
HCL Tech and HDFC Bank were the biggest losers in
the pack, down 0.85 per cent and 0.81 per cent, respectively.
Shares of TVS Motor Company cracked 5.81 per cent to Rs 412.10 after the
company on Monday said the coronavirus outbreak has impacted the supply of certain components, thereby affecting about 10 per cent of its
planned production for February.
Globally, Asian share markets were trying to stabilise after a wave of early selling petered out and Wall
Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears.
E-Mini futures for the S-P 500 bounced 1
per cent to pare some of the steep 3.35 per cent loss the cash index suffered overnight.
South Korea's hard-hit market edged up 0.8 per cent
and helped MSCI's broadest index of Asia-Pacific shares outside Japan fight back to flat.
