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The key barometers hit a fresh intraday high in early afternoon trade, tracking positive Asia cues. The Nifty index traded above 15,300 level. IT stocks rallied while metal stocks corrected.
At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 386.43 points or 0.76% at 51,023.96. The Nifty 50 index gained 99.70 points or 0.66% at 15,308.15.
In the broader market, the S&P BSE Mid-Cap index rose 0.25% while the S&P BSE Small-Cap index added 0.87%.
The market breadth was strong. On the BSE, 1,968 shares rose and 974 shares fell. A total of 138 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 0.65% to 18.72. The Nifty 27 May 2021 futures were trading at 15,299.90, at a discount of 8.25 points as compared with the spot at 15,308.15.