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Sensex rises 500 points as financials rebound, SBI results awaited

Sensex rises 500 points as financials rebound, SBI results awaited
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Equity indices trade with small gains; breadth strong


Barometers traded with small gains in early afternoon trade. All the sectoral indices on the NSE were in the green. Metal, pharma and PSU banks stocks rallied while FMCG shares saw profit selling.
At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 109.43 points or 0.22% at 49,618.51. The Nifty 50 index added 51.3 points or 0.35% at 14,742.25.
In broader market, the S&P BSE Mid-Cap index gained 0.72% while the S&P BSE Small-Cap index added 1.38%.
The market breadth was strong. On the BSE, 1939 shares rose and 714 shares fell. A total of 152 shares were unchanged.
The buying was supported by positive cues from other Asian stock markets, backed by surveys showing higher production across Asia s factories last month, and the the U. S. government s $2 trillion spending plan. ....

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Nifty March futures trade at premium


NSE VIX fell 0.16% to 20.1575.The Nifty March 2021 futures were at 14,756, a premium of 34.7 points compared with Nifty s spot closing of 14,721.30.
Turnover on the National Stock Exchange s futures & options (F&O) segment was Rs 42.45 lakh crore compared with Rs 34.56 lakh crore in the previous session.
In the cash market, the Nifty 50 index slumped 189.15 points or 1.27% to 14,721.30.
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 0.16% to 20.1575.
RIL, ITC and HDFC Bank were the top traded stock futures contracts in F&O segment for March expiry.
The March F&O contracts will expire on 25 March 2021. ....

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