Updated Mar 01, 2021 | 12:37 IST
India s manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities. India s February manufacturing PMI slightly ease to 57.5 from 57.7 in January | Photo Credit: BCCL
New Delhi: India s manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday.
The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data.
The equity barometers sharply pared losses in afternoon trade. The Nifty hovered between 14,600 and 14,700 levels. Investors booked profits during intraday trade. Media, auto and metal stocks were in demand.
At 12:20 IST, the barometer index, the S&P BSE Sensex, jumped 395.49 points or 0.81% at 49,495.48. The Nifty 50 index gained 115.55 points or 0.80% at 14,644.70.
In the broader market, the S&P BSE Mid-Cap index rose 0.78% while the S&P BSE Small-Cap index added 1.07%.
The market breadth was strong. On the BSE, 1,800 shares rose and 1,059 shares fell. A total of 187 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 5.66% to 26.5475. The Nifty 25 March 2021 futures were trading at 14,737.05, at a premium of 92.35 points as compared with the spot at 14,644.70.
Indices slightly continued trading with strong gains in mid-morning trade. Value buying emerged after a heavy selling in the previous trading session. The Nifty hovered at 14,750 level. All the sectoral indices on the NSE traded in the green.
At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 745.01 points or 1.5% at 49,845. The Nifty 50 index added 217.85 points or 1.5% at 14,747.
In broader market, the S&P BSE Mid-Cap index was up 1.27% while the S&P BSE Small-Cap index was up 1.49%.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1925 shares rose and 830 shares fell. A total of 184 shares were unchanged.
Benchmark indices firmed up once again afternoon trade. The Nifty re-claimed 14,700 mark. Value buying emerged after a heavy selling in the previous trading session.
At 13:20 IST, the barometer index, the S&P BSE Sensex, surged 728.01 points or 1.48% at 49,828.00. The Nifty 50 index advanced 202.20 points or 1.39% at 14,731.35.
Strength in HDFC Bank (up 1.96%), HDFC (up 2.35%) and Infosys (up 2.07%) boosted the indices.
The broader market was trading firm. The S&P BSE Mid-Cap index rose 1.16%. The S&P BSE Small-Cap index gained 1.33%.
Buyers outnumbered sellers. On the BSE, 1,852 shares rose and 1,069 shares fell. A total of 195 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 8,295.17 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,499.70 crore in the Indian equity market on 26 February 2021, provisional data showed.
Top gainers today: 5 shares rise up to 6%; PowerGrid, ONGC, Kotak Bank, Asian Paints, UltraTech Cement
Share market gainers today: 5 stocks that rose the most on March 1: PowerGrid, ONGC, Kotak Bank, Asian Paints and UltraTech Cement traded as the top gainers on BSE and NSE
BusinessToday.In | March 1, 2021 | Updated 18:45 IST
BSE s market capitalisation rose to Rs 203 lakh crore
Market benchmarks Sensex and Nifty registered significant gains on Monday and ended near day s high, tracking positive cues from positive global equities. Reversing from a major sell-off during last week, Sensex ended 749 points higher at 49,849 and Nifty gained by 232 points to 14,761.
The market also reacted to encouraging Q3 GDP data and Markit Manufacturing PMI for February.