Sensex up over 300 pts, midcaps underperform; IT zooms, ONGC dips

Benchmark indices regained strength in late trade on short covering, with the Sensex rising 318.20 points or 0.93 percent to 34,663.11.

The 50-share NSE Nifty rallied 83.50 points or 0.80 percent to 10,513.90.

Tata Motors, GAIL and ONGC fell 4-7 percent while TCS, Infosys, Axis Bank and Bharti Airtel gained up to 4 percent.

Nifty Midcap fell 70 points on weak market breadth. About 1,087 shares declined against 997 advancing shares on teh NSE.

REC, Jubilant Foodworks, Parag Milks Foods, Hexaware, KPIT Tech and L&T Infotech gained up to 5 percent.

United Spirits, Jet Airways, Bharat Forge and Motherson Sumi fell up to 6 percent.

Referance By- https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-up-over-300-pts-midcaps-underperform-it-zooms-ongc-dips-2574767.html