Key barometers came off day s low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, fell 62.28 points or 0.13% at 46,828.06. The Nifty 50 index slipped 39.10 points or 0.28% at 13,701.60.
Shares witnessed profit selling after a five-day rising streak during which the Sensex added 2.02% while the Nifty gained 1.95%.
The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index fell 0.44%. The S&P BSE Small-Cap index lost 0.32%.
Sellers outpaced buyers. On the BSE, 1,072 shares rose and 1,790 shares fell. A total of 146 shares were unchanged. In Nifty 50 index, 25 stocks advanced while 25 stocks declined.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, shed 0.13% to 19.13. The Nifty December 2020 futures were trading at 13,726.80, at a premium of 25.05 points compared with the spot at 13,701.75.
Benchmark indices extended gains and hit record high levels in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 198.75 points or 0.43% at 46,865.21. The Nifty 50 index advanced 57.95 points or 0.42% at 13,740.65.
The S&P BSE Sensex hit a record high of 46,873.71 while the Nifty hit a record high of 13,742.40 in early afternoon trade. Investors reacted positively to comments from the U.S. Federal Reserve that it will continue to support the economy. Federal Reserve Chairman Jerome Powell also said on Wednesday that stock prices are not necessarily highly priced given how low interest rates are. Meanwhile, negotiators in Washington are shaping a new $900 billion coronavirus stimulus bill that is said to include a second stimulus check.
Benchmark indices continued trading firm in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 244.48 points or 0.53% at 46,507.65. The Nifty 50 index advanced 61.50 points or 0.45% at 13,629.35.
A possible approval of Moderna Inc s COVID-19 vaccine this week and progress in US stimulus talks lifted sentiment. The US Federal Reserve will issue an updated policy statement along with new economic projections on Wednesday. Traders will be watching closely for any changes to Fed view on when its benchmark policy rate might rise off zero.
HDFC (up 1.65%), HDFC Bank (up 1.01%) and TCS (up 1.21%) boosted indices.
In the broader market, the S&P BSE Mid-Cap index rose 0.73% while the S&P BSE Small-Cap index gained 0.96%.
Benchmark indices trade with modest losses in early afternoon trade. The Nifty reclaimed 13,500 mark. Barring the Nifty IT index, all the sectoral indices on the NSE declined.
At 12:20 IST, the barometer index, the S&P BSE Sensex, fell 176.48 points or 0.38% at 46,076.98. The Nifty 50 index slipped 43.25 points or 0.32% at 13,514.90.
Sentiment was weak amid negative cues from Asian markets as worries about increasing Covid deaths and lockdowns overshadowed optimism about the roll-out of coronavirus vaccinations.
In the broader market, the S&P BSE Mid-Cap index fell 0.23% while the S&P BSE Small-Cap index lost 0.10%.
The market breadth was negative. On the BSE, 1,254 shares rose and 1,503 shares fell. A total of 137 shares were unchanged.
The benchmark indices traded with minor gains in early afternoon trade. Auto, IT and realty indices witnessed selling pressure. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 30.37 points or 0.07% at 46,129.38. The Nifty 50 index gained 8.80 points or 0.07% at 13,522.65.
In the broader market, the S&P BSE Mid-Cap index added 0.73% while the S&P BSE Small-Cap index rose 0.67%. Both these indices outperformed the Sensex.
The market breadth was strong. On the BSE, 1,754 shares rose and 1,056 shares fell. A total of 190 shares were unchanged.
The undertone of the market was upbeat amid positive global cues following the progress in coronavirus vaccine. Robust inflows from foreign institutional investors and improving domestic economic scenario also boosted the investor s risk appetite.