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,

On January 7, the Indian stock market benchmarks, Sensex and Nifty 50, gained over half a per cent in intraday trade even as HMPV virus fears persist.

Adani Ports, Asian Paints, IndusInd Bank and Reliance Industries gained 1.3-1.6 per cent. Tata Motors Ltd, ICICI Bank Ltd, Power Grid, Tata Steel and UltraTech Cement also gained over 1 per cent each.

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.

ONGC, SBI Life Insurance, Tata Motors, HDFC Life, Reliance Industries were among the top gainers on the Nifty, while losers were HCL Tech, TCS, Eicher Motors, Hero MotoCorp, Trent

The GIFT Nifty is indicating a positive start for the day. As of 8:15 AM, the GIFT Nifty was trading in green at 23,811.5, gaining 0.32% since the last close.

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,