Benchmark indices hit fresh intraday low in afternoon trade. Investors remained cautious ahead of the Union Budget on Monday. At 13:20 IST, the barometer index, the S&P BSE Sensex, tumbled 134.43 points or 0.29% at 46,739.93. The Nifty 50 index lost 36.90 points or 0.27% at 13,780.65.
The broader market traded higher. The S&P BSE Mid-Cap index rose 0.35%. The S&P BSE Small-Cap index gained 0.13%.
The market breadth was positive. On the BSE, 1,563 shares rose and 1,167 shares fell. A total of 141 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,712.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,736.92 crore in the Indian equity market on 28 January 2021, provisional data showed.
Benchmark indices were trading with minor losses in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, fell 60.92 points or 0.13% at 47,685.30. The Nifty 50 index slipped 17.05 points or 0.12% at 13,964.90.
The S&P BSE Sensex hit a record high of 47,865.56 while the Nifty index hit a record high 14,010.15 today. Trading was volatile as the December 2020 F&O contracts expire today, 31 December 2020.
In the broader market, the S&P BSE Mid-Cap index rose 0.15% while the S&P BSE Small-Cap index gained 0.26%.
The market breadth was positive. On the BSE, 1,616 shares rose and 1,159 shares fell. A total of 177 shares were unchanged.