Energy stocks were trading in green, with the S&P BSE Energy index increasing 148.57 points or 2.2% at 6900.9 at 09:48 IST. Among the components of the S&P BSE Energy index, Hindustan Oil Exploration Company Ltd (up 9.44%), Selan Explorations Technology Ltd (up 8.56%),Chennai Petroleum Corporation Ltd (up 6.64%),Oil & Natural Gas Corpn Ltd (up 5.79%),Oil India Ltd (up 3.89%), were the top gainers. Among the other gainers were Adani Total Gas Ltd (up 3.76%), Mangalore Refinery And Petrochemicals Ltd (up 3.18%), Coal India Ltd (up 3.11%), Gujarat Gas Ltd (up 3.02%), and Confidence Petroleum India Ltd (up 2.97%).
At 09:48 IST, the S&P BSE Sensex was up 347.56 or 0.69% at 50752.88.
Read more about Oil & Natural Gas Corpn Ltd Spikes 4.05%, S&P BSE Oil&Gas index Rises 1.56% on Business Standard. Oil & Natural Gas Corpn Ltd has added 22.43% over last one month compared to 11.79% gain in S&P BSE Oil&Gas index and 0.03% drop in the SENSEX
Benchmark indices further pared gains in afternoon trade. The Nifty slipped below the crucial 15,000 level. Gains were capped as the Brent crude futures surged above $70 a barrel on Monday, following reports of attacks on Saudi Arabian facilities. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation.
At 13:20 IST, the barometer index, the S&P BSE Sensex, was up 134.27 points or 0.27% at 50,539.59. The Nifty 50 index rose 47.45 points or 0.32% at 14,985.55.
Infosys (up 1.48%), Reliance Industries (up 0.89%) and Larsen & Toubro (up 3.55%) supported the indices. HDFC (down 1.09%), ICICI Bank (down 1.09%) and HDFC Bank (down 0.63%) were major drags.
The broader market was trading firm. The S&P BSE Mid-Cap index rose 0.43%. The S&P BSE Small-Cap index added 0.90%.
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Share Market Highlights: Sensex ends 35 pts higher, Nifty below 15k; L&T, ONGC, HCL Tech, NTPC top gainers
Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers
BusinessToday.In | March 8, 2021 | Updated 17:34 IST
Share Market News: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were top gainers
Indian benchmark indices ended marginally higher on Monday, paring most of early gains, weighed down by losses in realty and FMCG space, weak Asian markets, falling US futures and rising oil prices. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14,956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadt
Read more about Sensex ends almost flat, Nifty ends below 15,000; PSU banks, metal stocks advance on Business Standard. Domestic equity market started on a strong note, but gave up all gains during the latter half of the day. PSU banks, metals and pharma stocks advanced while autos, financials and FMCG shares declined. The barometer index, the S&P BSE Sensex, rose