The benchmark indices continued marching ahead in the afternoon trade. The Nifty index was hovering above 15,100 mark.
At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 728.02 points or 1.45% at 51,024.91. The Nifty 50 index gained 218.15 points or 1.46% at 15,137.25.
ICICI Bank (up 2.59%), Infosys (up 2.32%) and HDFC (up 2.12%) boosted the indices.
The broader market rallied. The S&P BSE Mid-Cap index added 1.18%. The S&P BSE Small-Cap index rose 1.60%.
Buyers outnumbered sellers. On the BSE, 1,847 shares rose and 1,029 shares fell. A total of 177 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,223.16 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 854.04 crore in the Indian equity market on 2 March 2021, provisional data showed.
Read more about Sensex spurts 1100 pts, Nifty climbs over 2% as banks rally; RIL jumps 4.5% on Business Standard. Domestic shares rallied for the third straight session on Wednesday led by gains in banks, financials and metal stocks. The Nifty settled near 15,250 level. Barring the Nifty Auto index, all the sectoral indices on the NSE ended in the green.
India s services activity expanded at the fastest rate in a year during February, while employment fell further and companies noted the sharpest rise in overall expenses, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index rose from 52.8 in January to 55.3 in February, pointing to the sharpest rate of expansion in output in a year amid improved demand and more favourable market conditions. The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February as the roll-out of Covid-19 vaccines led to an improvement in business confidence towards growth prospects.
Read more about Sensex soars 1100 pts, Nifty closes near 15,250 on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, jumped 1147.76 points or 2.28% at 51,444.91. The Nifty 50 index soared 326.5 points or 2.19% at 15,245.25.
New Delhi, Mar 3: India's services activity expanded at the fastest rate in a year during February, while employment fell further and companies noted the