SENSEX trades 300 pts higher, NIFTY50 tops 23,150; HCL Technologies nosedives around 10% after Q3 numbers

At 09:35 AM, the S&P BSE SENSEX was trading at 76,621.60, up 291.59 points, or 0.38%, while the broader NIFTY50 index was trading at 23,180.60, up 94.65 points, or 0.41%.

35 constituents of the NIFTY50 index were trading in the green, while 15 were in the red, and one remained unchanged.

From the 30-share pack, Tech Mahindra, Infosys, Hindustan Unilever, Tata Consultancy Services, and Nestle were the other laggards.

In Asian markets, Seoul, Shanghai, and Hong Kong were trading in the positive territory while Tokyo quoted lower.

US markets ended on a mixed note on Monday.

Foreign institutional investors (FIIs) offloaded equities worth ₹4,892.84 crore on Monday, according to exchange data.

"Now it appears that the market is a bit oversold and this favours a bounce back in the near term. But that trend, if it plays out, is unlikely to sustain," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global oil benchmark Brent crude dipped 0.33% to USD 80.74 a barrel.

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The BSE MidCap index was trading at 42,866.48 levels, up 470.77 points, or 1.11%, while the BSE SmallCap index was ruling at 50,830.79, up 288.89 points, or 0.57%.