Stock Market LIVE Updates | Indian stocks experienced heavy selling due to worries about the HMP Virus outbreak and a significant decline in banking stocks following disappointing quarterly results.

The Nifty 50 ended 76.90 points or 0.33% higher at 23,692.95, and the Sensex added 234 points or 0.3% to close at 78,199.11.

Broad-based buying across sectors kept the market breadth firmly in favour of advances, with midcap stocks outperforming their larger counterparts. The Nifty added 92 points to close at 23,708, while the midcap index gained 502 points to end at 56,

The Nifty 50 concluded the session with a gain of 0.39% at 23,707, while the Sensex wrapped up the session at 78,199, 0.30% higher than the previous close.

Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

Equity benchmarks recovered from Monday’s sharp decline, with oil and gas stocks leading the gains after CLSA upgraded ONGC to “high conviction outperform.” The 30-share BSE Sensex rose 234.12 points or 0.30 per cent to close at 78,199.11, while the broader NSE Nifty 50 advanced 91.85 points or 0.39 per cent to end at 23,707.90.

The Nifty IT index closed on a note on Tuesday. Shares of L&T Technology Services Ltd.(up 2.38 per cent), MphasiS Ltd.(up 0.99 per cent), LTIMindtree Ltd.(up 0.45 per cent) and Persistent Systems Ltd.

HDFC Bank Ltd shares were down 1.56 per cent at Rs 1,722 after the Q3 update. December was the third consequent quarter of sequential corporate loan decline as the banks continued to choose profitability over balance sheet growth.

Stock Market LIVE Updates | After a three-day rally, the markets paused on Friday, dropping more than half a percent. Analysts noted that this pullback seemed like a typical breather following the recent rebound and could continue until the Nifty surpasses the next resistance level at 24,