The key equity indices came off the day s high in mid-afternoon trade. At 14:23 IST, the barometer index, the S&P BSE Sensex, was up 294.65 points or 0.59% to 49,956.41. The Nifty 50 index rallied 118.40 points or 0.80% at 14,937.45. Pharma shares extended their wining streak for third day.
The broader market rallied. The S&P BSE Mid-Cap index rose 0.91%. The S&P BSE Small-Cap index added 1.05%.
Buyers outnumbered sellers. On the BSE, 1897 shares rose and 949 shares fell. A total of 162 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
The domestic equity benchmarks ended with minor gains after a volatile day on Thursday. Metal stocks surged while banks and financials corrected. The Nifty closed below the 14,900 mark.
As per provisional closing data, the barometer index, the S&P BSE Sensex, gained 84.45 points or 0.17% to 49,746.21. The Nifty 50 index rallied 56.70 points or 0.38% to 14,875.75.
The broader market rallied. The S&P BSE Mid-Cap index rose 0.60%. The S&P BSE Small-Cap index added 0.73%.
Buyers outnumbered sellers. On the BSE, 1873 shares rose and 1046 shares fell. A total of 166 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
The domestic equity benchmarks ended with minor gains on Thursday, rising for the third straight session. Metal stocks surged while banks and financials corrected. The Nifty closed below the 14,900 mark.
The barometer index, the S&P BSE Sensex, gained 84.45 points or 0.17% to 49,746.21. The Nifty 50 index rallied 54.75 points or 0.37% to 14,873.80.
The Sensex rose 1.19% and the Nifty climbed 1.61% in three consecutive sessions.
The broader market outperformed the benchmarks on Thursday. The BSE Mid-Cap index rose 0.60% and the BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1,857 shares rose and 1,061 shares fell. A total of 167 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
Hester Biosciences jumped 8.79% to Rs 2190 after the company signed agreement with ICAR-IVRI (Indian Council Of Agri Research - Indian Veterinary Research Institute) for classical swine fever & sheep pox vaccines.
In a regulatory filing made during market hours today, the company said that the agreements are for acquiring technologies for the production and commercialisation of classical swine fever vaccine & sheep pox vaccine.
The technologies were developed by ICAR-IVRI and the commercialization of the technologies was facilitated by Agrinnovate India, a company owned by Department of Agricultural, Research & Education (DARE), Ministry of Agriculture, Government of India.
Both the vaccines have been extensively tested by IVRI for safety and potency and have been found to provide 100% protection.