The domestic equities hovered near the flat line in afternoon trade. The Nifty was trading above 14,400 mark. Gains were capped amid concerns that climbing new COVID-19 cases in the country could derail the economic recovery.
At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 32.40 points or 0.07% at 48,113.07. The Nifty 50 index gained 7.50 points or 0.05% at 14,413.65.
Axis Bank (up 2.49%), Reliance Industries (up 0.36%) and PowerGrid Corporation of India (up 4.06%) supported the indices.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.80%. The S&P BSE Small-Cap index added 1.07%.
Buyers outnumbered sellers. On the BSE, 1,774 shares rose and 1,034 shares fell. A total of 159 shares were unchanged.
Sensex declines 202 pts, Nifty ends below 14,350
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Indices decline after choppy trade; Nifty ends below 14,350
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