The main equity indices traded with decent gains in morning trade. The Nifty traded near the 15,300 mark. Metal stocks witnessed value buying while banks stocks corrected. The moderation in daily new COVID-19 cases in India improved investors risk appetite. Upbeat Asian stocks also boosted sentiment.
At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 194.16 points or 0.38% at 50,846.16. The Nifty 50 index was up 73.05 points or 0.48% at 15,270.45.
In broader market, the S&P BSE Mid-Cap index was up 0.54% while the S&P BSE Small-Cap index was gained 0.78%.
The market breadth was strong. On the BSE, 1897 shares rose and 820 shares fell. A total of 122 shares were unchanged.