The key barometers hovered near the flat line in early afternoon trade. Metal shares tumbled while autos and FMCG shares bucked weak market trend.
At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 6.05 points or 0.01% at 51,943.49. The Nifty 50 index lost 15.25 points or 0.10% at 15,567.55. The Nifty pared losses after hitting the day s low of 15,528.30 in early afternoon trade.
In the broader market, the S&P BSE Mid-Cap index fell 0.39% while the S&P BSE Small-Cap index slipped 0.51%.
The market breadth was weak. On the BSE, 1,112 shares rose and 1,857 shares fell. A total of 124 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, jumped 5.92% to 17.89. The Nifty 29 July 2021 futures were trading at 15,564.45, at a discount of 3.10 points as compared with the spot at 15,567.55.
Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for May starting from 1 June 2021.
Magma Fincorp said that the company s board, has appointed Adar Poonawalla as the Chairman of the company.
Jammu & Kashmir Bank said that the meeting of the Board of Directors of the bank is scheduled on 4 June 2021, to consider/discuss the proposal of capital infusion in the bank by the Govt. of Jammu & Kashmir as its promoter shareholder to the extent of Rs. 500 crore.
EPL (formerly known as Essel Propack), announced that they have been selected as a partner by Unilever, in their journey towards achieving 100% sustainability in the oral care segment. Accordingly, EPL will supply their APR approved, 100% recyclable and fully sustainable Platina Tubes, for the toothpaste category of Unilever.
Read more about Volumes soar at Emami Ltd counter on Business Standard. Emami Ltd recorded volume of 3.02 lakh shares by 11:28 IST on BSE, a 24.03 times surge over two-week average daily volume of 12581 shares
Read more about EPL partners with Unilever for sustainability initiative in oral care range on Business Standard. EPL s Platina Tube with HDPE closure, is the world s first fully sustainable and completely recyclable tube accredited by APR. This partnership will help Unilever s oral care brands like Signal, Pepsodent and Closeupto be 100% recyclable by 2025.
Read more about Ladakh gets Centre s nod for transmission lines at cost of Rs 1,310 cr on Business Standard. The central government has approved intra-state transmission works at a revised cost of Rs 1,309.71 crore to link far-flung villages of Ladakh to the grid