Equity indices traded sideways with gains in morning trade. The Nifty held above the crucial 14,900 mark. Metal, pharma and PSU bank stocks advanced while IT stocks were under pressure.
At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 330.15 points or 0.67% at 49,536.21. The Nifty 50 index was up 108.85 points or 0.73% at 14,932.95.
In broader market, the S&P BSE Mid-Cap index was up 0.74% while the S&P BSE Small-Cap index gained up 0.84%.
The market breadth was strong. On the BSE, 1845 shares rose and 878 shares fell. A total of 189 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 157,954,082 with 3,288,812 global deaths.
Equity indices were trading with strong gains in morning trade. The Nifty traded above the 14,800 mark. Barring the Nifty Auto index, all sectoral indices on the NSE were trading in the green.
At 10:28 IST, the barometer index, the S&P BSE Sensex, added 371.26 points or 0.76% at 49,321.73. The Nifty 50 index was up 103.40 points or 0.7% at 14,828.05.
In broader market, the S&P BSE Mid-Cap index was up 0.04% while the S&P BSE Small-Cap index was gained 0.47%.
The market breadth was strong. On the BSE, 1658 shares rose and 911 shares fell. A total of 133 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 155,650,258 with 3,251,960 global deaths.
Read more about Barometers trade flat; metal stocks shine on Business Standard. At 11:29 IST, the barometer index, the S&P BSE Sensex, rose 0.94 points to 48,678.49. The Nifty 50 index was up 11.2 or 0.08% at 14,629.05.
Barometers pared losses in mid-afternoon trade. The Nifty was trading above 14,550 mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment.
At 14:23 IST, the barometer index, the S&P BSE Sensex, tumbled 221.37 points or 0.45% at 48,460.92. The Nifty 50 index lost 44.7 points or 0.31% at 14,586.30.
In the broader market, the S&P BSE Mid-Cap index skid 0.19% while the S&P BSE Small-Cap index added 1.41%.
Buyers outpaced sellers.
On the BSE, 1,677 shares rose and 1,266 shares fell. A total of 187 shares were unchanged.
Buzzing Index:
The Nifty Metal index jumped 1.94% to 4,942.05 and was a top gainer on NSE Sectoral indices.