The domestic equity benchmark was trading with decent gains in mid-afternoon trade. The index continued to hold above the 50,000 mark. Trading has been halted on the National Stock Exchange (NSE) due to technical glitches.
At 14:27 IST, the barometer index, the S&P BSE Sensex, jumped 270.34 points or 0.54% to 50,021.75.
In the broader market, the S&P BSE Mid-Cap index rose 0.70%. The S&P BSE Small-Cap index gained 0.66%.
The market breadth was strong. On the BSE, 1705 shares rose and 1143 shares fell. A total of 159 shares were unchanged.
NSE Update:
Trading has been halted on NSE due to technical glitches. In a tweet, NSE India on Wednesday notified: NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system.
Read more about Shares off day s high; Sensex below 50,000 on Business Standard. Shares on the BSE pared gains in early afternoon trade. Trading has been halted on the National Stock Exchange (NSE) due to technical glitches.
Read more about Sensex, Nifty hit day s high on Business Standard. The domestic equity benchmarks were currently at the day s high in the second half of the extended trading session. Trading resumed at 15:45 IST on the NSE.
The key equity barometers bounced back and hit the day s high in morning trade. The Nifty marched towards the 14,800 mark. Realty stocks witnessed bargain hunting after a four-day losing streak.
At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 352.84 points or 0.71% to 50,097.16. The Nifty 50 index advanced 93.75 points or 0.64% to 14,769.45. The equity benchmarks saw value buying after declining over 4% in the past five sessions.
In the broader market, the S&P BSE Mid-Cap index gained 1.08% while the S&P BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1472 shares rose and 542 shares fell. A total of 91 shares were unchanged.
Read more about Real Estate stocks spike on Business Standard. Real Estate stocks were trading in green, with the S&P BSE Realty Index index increasing 59.48 points or 2.21% at 2747.5 at 09:49 IST.