Barometers saw pared gains in mid-afternoon trade as profit booking emerged at higher levels. The Nifty took a support at 14,700 mark. Global stocks were trading higher as investors hoped for more economic stimulus from U.S. President Joe Biden.
At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 277.63 points or 0.56% at 50,069.99. The Nifty 50 index added 77.4 points or 0.53% at 14,722.90.
The Sensex hit a record high of 50,184.0 and the Nifty scaled a fresh all time high of 14,753.55 during intraday trade.
The broader market traded with small gains. The S&P BSE Mid-Cap index rose 0.23% while the S&P BSE Small-Cap index gained 0.11%.
Read more about Sensex rallies 393 pts ahead of Joe Biden s inauguration on Business Standard. As per the provisional closing data, the S&P BSE Sensex, surged 393.83 points or 0.8% at 49,792.73. The Nifty 50 index soared 123.55 points or 0.85% at 14,644.95.
Read more about Benchmarks attain record closing levels; Nifty closes above 14,600 on Business Standard. The benchmark indices advanced for the second trading session on Wednesday, tracking positive global cues. The Nifty reclaimed 14,600 mark. Global shares were buoyant ahead of Joe Biden s inauguration as US president. Washington gets set to try for
Barometers further extended gains and hit a fresh intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, soared 631.76 points or 1.30% at 49,196.03. The Nifty 50 index jumped 190 points or 1.33% at 14,471.30.
In the broader market, the S&P BSE Mid-Cap index rose 1.72% while the S&P BSE Small-Cap index gained 1.52%.
The market breadth was very strong. On the BSE, 1,978 shares rose and 709 shares fell. A total of 133 shares were unchanged.
Positive cues from other Asian markets and robust FII inflows in the domestic equity market boosted sentiment.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, dropped 5.09% to 23.1525. The Nifty 28 January 2021 futures were trading at 14,501, at a premium of 29.70 point compared with the spot at 14,471.30.
Read more about Sensex zooms 834 pts; Bajaj twins rally on Business Standard. As per provisional closing data, the barometer index, the S&P BSE Sensex, zoomed 834 points or 1.72% to 49,398.67. The Nifty 50 index surged 239.85 points or 1.68% at 14,521.70.