Indices traded in a range with modest losses in mid-afternoon trade. The Nifty traded below the 14,750 level. PSU bank bucked weak market trend.
At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 365.9 points or 0.74% at 48,795.77. The Nifty 50 index lost 105.75 points or 0.71% at 14,745.95.
Trading was volatile due to expiry of weekly index options on the NSE today. Indian stock markets will remain shut tomorrow, 13 May 2021, on account of Id-Ul-Fitr (Ramzan Id).
The broader market was mixed. The S&P BSE Mid-Cap index fell 0.24% while the S&P BSE Small-Cap index rose 0.13%.
Buyers outpaced sellers. On the BSE, 1,723 shares rose and 1,259 shares fell. A total of 187 shares were unchanged.
The equity barometers trimmed losses in early afternoon trade. The Nifty regained 14,750 mark after hitting the day s low of 14,695.10 in mid-morning trade.
At 12:20 IST, the barometer index, the S&P BSE Sensex, dropped 306.93 points or 0.62% at 48,854.88. The Nifty 50 index lost 82.10 points or 0.55% at 14,768.65.
In the broader market, the S&P BSE Mid-Cap index fell 0.16% while the S&P BSE Small-Cap index rose 0.12%.
The market breadth was positive. On the BSE, 1,575 shares rose and 1,290 shares fell. A total of 165 shares were unchanged.
Indian stock markets will remain closed tomorrow, 13 May 2021 on account of Id-Ul-Fitr (Ramzan Id).
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, advanced 2.08% to 20.2425. The Nifty 27 May 2021 futures were trading at 14,765, at a discount of 3.65 points as compared with the spot at 14,768.65.
Read more about Sensex tanks 463 pts, Nifty ends below 14,700 on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 463.67 points or 0.96% at 48,690.77. The Nifty 50 index lost 154.25 points or 1.04% at 14,696.95.
Read more about Benchmarks trade lower; breadth remains positive on Business Standard. The domestic equity indices continued trading with modest losses in afternoon trade. The Nifty hovered above 14,750 mark.
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