The benchmark indices traded in a narrow range with modest gains in afternoon trade. The moderation in daily new COVID-19 cases in India improved risk sentiments. The Nifty index continued to hover above 15,200 mark.
At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 169.65 points or 0.34% at 50,710.13. The Nifty 50 index gained 39.25 points or 0.26% at 15,214.55.
Housing Development Finance Corporation (HDFC) (up 1.55%), HDFC Bank (up 1%) and Larsen & Toubro (L&T) (up 2.54%) supported the indices.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.93%. The S&P BSE Small-Cap index gained 0.82%.
Buyers outpaced sellers. On the BSE, 1,915 shares rose and 1,177 shares fell. A total of 176 shares were unchanged.
Sensex, Nifty trade with small losses; breadth remains strong
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Market turns range bound; Sensex up over 600 pts
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The equity barometers continued to hover near the day s high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, soared 603.51 points or 1.24% at 49,336.06. The Nifty 50 index added 175.25 points or 1.19% at 14,853.05.
HDFC Bank (up 2.58%), ICICI Bank (up 3.55%) and Housing Development Finance Corporation (HDFC) (up 1.91%) boosted the indices.
In the broader market, the S&P BSE Mid-Cap index rose 1.23%. The S&P BSE Small-Cap index gained 1.27%.
Buyers outpaced sellers. On the BSE, 1,970 shares rose and 1,043 shares fell. A total of 211 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,607.85 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 613.26 crore in the Indian equity market on 14 May 2021, provisional data showed.