Stock market LIVE updates: The S&P BSE Sensex rallied to a high of 60,579, after a muted start to the trading day on Tuesday. The index, thereafter, pared gains and was up 350-odd points near 60,450 level.
The Nifty50 was seen testing the 18,000-mark in intra-day deals so far.
In the broader market, the BSE MidCap and the BSE SmallCap indices underperformed the frontline indices by falling 0.1 per cent each.
Sectorally, the Nifty IT index was the top gainer (up 0.54 per cent), while the Nifty Metal index was the worst hit (down 0.6 per cent).
Among stocks, Siemens zoomed over 3 per cent after it signed a Rs 26,000-crore contract to manufacture 1,200 electric freight locomotives for the Indian Railways.
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