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.
Sobha Ltd saw volume of 16.54 lakh shares by 14:19 IST on NSE, a 19.18 fold spurt over two-week average daily volume of 86236 shares
Ingersoll-Rand (India) Ltd, Supreme Petrochem Ltd, Ratnamani Metals & Tubes Ltd, Central Depository Services (India) Ltd are among the other stocks to see a surge in volumes on NSE today, 06 April 2021.
Sobha Ltd saw volume of 16.54 lakh shares by 14:19 IST on NSE, a 19.18 fold spurt over two-week average daily volume of 86236 shares. The stock increased 12.89% to Rs.486.90. Volumes stood at 81380 shares in the last session.
Ingersoll-Rand (India) Ltd witnessed volume of 2.28 lakh shares by 14:19 IST on NSE, a 16.8 times surge over two-week average daily volume of 13559 shares. The stock increased 3.48% to Rs.718.00. Volumes stood at 13299 shares in the last session.
Ratnamani Metals & Tubes Ltd is quoting at Rs 2005.45, up 0.49% on the day as on 12:49 IST on the NSE. The stock is up 117.37% in last one year as compared to a 65.79% gain in NIFTY and a 155.38% gain in the Nifty Metal.
Ratnamani Metals & Tubes Ltd rose for a fifth straight session today. The stock is quoting at Rs 2005.45, up 0.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.95% on the day, quoting at 14576.8. The Sensex is at 48978.78, down 2.1%. Ratnamani Metals & Tubes Ltd has added around 4.17% in last one month.
Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has added around 7.17% in last one month and is currently quoting at 4189.15, down 0.2% on the day. The volume in the stock stood at 26716 shares today, compared to the daily average of 52876 shares in last one month.
Quick Wrap: Nifty Metal Index records a surge of 1 87% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Domestic equity benchmarks declined for second trading session on Friday. Resurgent worries about rising US bond yields hit global stocks. Firm crude oil prices also spooked investors. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation. The Nifty closed below the crucial 15,000 mark.
The S&P BSE Sensex, tumbled 440.76 points or 0.87% at 50,405.32. The Nifty 50 index slumped 142.65 points or 0.95% at 14,938.60. Both these indices have fallen a little over 2% each in two consecutive sessions.
ICICI Bank (down 1.80%), HDFC (down 1.55%), HDFC Bank (down 1.52%) and Infosys (down 1.07%) were major drags today.
Selling was broad based. The S&P BSE Mid-Cap index fell 1.89% and the S&P BSE Small-Cap index tumbled 1.50%. Both these indices saw profit taking after rallying over 5% in the past four days.