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The domestic equities were trading with minor gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 17.59 points or 0.04% at 47,967.01. The Nifty 50 index gained 17.95 points or 0.13% at 14,377.40.
Bajaj Finance (up 3.60%), Larsen & Toubro (up 1.85%) and ICICI Bank (up 0.54%) boosted the indices.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index advanced 1.19%. The S&P BSE Small-Cap index added 1.02%.
Buyers outnumbered sellers. On the BSE, 1,804 shares rose and 956 shares fell. A total of 161 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,633.70 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,355.56 crore in the Indian equity market on 19 April 2021, provisional data showed.
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
Key equity barometers turned range bound in early afternoon trade. The Nifty continued to hold its crucial 15,000 mark. PSU banks, metals and pharma stocks were in demand.
At 12:20 IST, the barometer index, the S&P BSE Sensex, advanced 219.15 points or 0.43% at 50,624.47. The Nifty 50 index rallied 80.15 points or 0.54% at 15,018.25.
In the broader market, the S&P BSE Mid-Cap index rose 0.76% while the S&P BSE Small-Cap index added 1.04%.
The market breadth was strong. On the BSE, 1,806 shares rose and 1,100 shares fell. A total of 208 shares were unchanged.
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..