Read more about Shares trade with decent gains; VIX slips below 21 mark on Business Standard. Key equity barometers were trading with decent gains in early afternoon trade. Firmness in IT and FMCG stocks boosted the market.
Read more about Indices hit day s high; Nifty above 14,900 mark on Business Standard. The barometer indices edged higher and hit the day s high in morning trade. The Nifty reclaimed the 14,900 mark. All sectoral indices on the NSE were trading in the green. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 478.12 points
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 486.69 points or 0.98% at 50,336.53. The Nifty 50 index was up 139.45 points or 0.94% at 14,901. The Sensex regained the psychological 50,000 mark in opening trade. Upbeat Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 1.04%. The S&P BSE Small-Cap index was up 1.13%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1577 shares rose and 479 shares fell. A total of 80 shares were unchanged.
Stocks in news:
Hero MotoCorp rose 1.9%. Hero MotoCorp sold 505,467 units of motorcycles and scooters in February 2021. The company had dispatched 498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).
Financials stocks were trading with gains, with the S&P BSE Finance index rising 146.64 points or 1.94% at 7703.16 at 09:48 IST. Among the components of the S&P BSE Finance index, Religare Enterprises Ltd (up 7.34%), South Indian Bank Ltd (up 6.1%),Satin Creditcare Network Ltd (up 5.51%),Dewan Housing Finance Corporation Ltd (up 4.8%),Cholamandalam Investment & Finance Company Ltd (up 4.74%), were the top gainers. Among the other gainers were Magma Fincorp Ltd (up 4.24%), MAS Financial Services Ltd (up 3.82%), General Insurance Corporation of India (up 3.62%), Shriram Transport Finance Company Ltd (up 3.4%), and IIFL Securities Ltd (up 3.31%). On the other hand, Dolat Investments Ltd (down 3.24%), Spandana Sphoorty Financial Ltd (down 2.87%), and Bank of Maharashtra (down 2.7%) moved lower.
ITC has allotted 25,08,020 Ordinary Shares of Rs 1/- each, upon exercise of 2,50,802 Options by Optionees
under the Company s Employee Stock Option Schemes on 25 February 2021.
Consequently, with effect from 25 February 2021, the Issued and Subscribed Share Capital
of the Company stands increased to Rs 1230,78,69,771/- divided into 1230,78,69,771 Ordinary
Shares of Rs 1/- each
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