Benchmarks traded sideways with modest losses in mid morning trade. The Nifty hovered near the 14,550 level. FMCG and metal stocks bucked the weak market trend. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment.
At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 346.65 points or 0.71% at 48,435.12. The Nifty 50 index declined 87.45 points or 0.6% at 14,543.10.
In broader market, the S&P BSE Mid-Cap index was down 0.42% while the S&P BSE Small-Cap index was up 1.01%.
The market breadth was positive. On the BSE, 1534 shares rose and 1193 shares fell. A total of 163 shares were unchanged.
The benchmark indices were trading in a narrow range with modest losses in afternoon trade. The Nifty was trading below 14,550 mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment.
At 13:20 IST, the barometer index, the S&P BSE Sensex, tumbled 330.44 points or 0.68% at 48,451.92. The Nifty 50 index lost 81.80 points or 0.56% at 14,549.30.
Reliance Industries (RIL) (down 1.89%), HDFC Bank (down 1.38%) and ICICI Bank (down 1.67%) were major drags.
In the broader market, the S&P BSE Mid-Cap index skid 0.48%. The S&P BSE Small-Cap index added 1.17%.
Buyers outpaced sellers. On the BSE, 1,621 shares rose and 1,277 shares fell. A total of 179 shares were unchanged.
Indices traded sideways with losses in morning trade. The Nifty reclaimed 14,800 mark after hitting a low of 14,730.75 in initial deals. Metal and IT stocks were in demand while banks and financial shares were under pressure. Mixed global cues and soaring new Covid-19 cases in the country weighed on the sentiment.
At 10:29 IST, the barometer index, the S&P BSE Sensex, was down 324.73 points or 0.65% at 49,441.75. The Nifty 50 index was down 68.30 points or 0.46% at 14,826.95.
HDFC Bank (down 3.14%), Hindustan Unilever (down 3.05%) and HDFC (down 2.56%) were major drags.
In broader market, the S&P BSE Mid-Cap index was up 0.12% while the S&P BSE Small-Cap index gained 0.4%.
Read more about Sensex, Nifty end flat after volatile trade on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 32.1 points or 0.06% at 49,765.65. The Nifty 50 index added 30.35 points or 0.2% at 14,894.40.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 341.25 points or 0.7% at 49,285.39. The Nifty 50 index was up 95.80 points or 0.65% at 14,748.85. The Sensex regained the psychological 49,000 mark in opening trade.
The S&P BSE Mid-Cap index was up 0.58%. The S&P BSE Small-Cap index was up 0.74%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1522 shares rose and 430 shares fell. A total of 96 shares were unchanged.
Stocks in news:
Bajaj Finance advanced 2.37%. The company s consolidated net profit jumped 42% to Rs 1,347 crore on 5% decline in total income to Rs 6,855 crore in Q4 FY21 over Q4 FY20. The NBFC s new loans booked during Q4 FY21 stood at 5.47 million, down by 9% over 6.03 million in Q4 FY20. Customer franchise as of 31 March 2021 was at 48.57 million compared with 42.60 million as of 31 March 2020. Bajaj Finance acquired 2.26 m