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Sensex spurts above 49,500; breadth strong

Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 367.74 points or 0.75% at 49,574.21. The Nifty 50 index was up 119.80 points or 0.81% at 14,942.95. The Sensex regained the key 49,500 mark in early trade. The S&P BSE Mid-Cap index was up 0.51%. The S&P BSE Small-Cap index was up 0.91%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1624 shares rose and 515 shares fell. A total of 110 shares were unchanged. Stocks in news: Avenue Supermarts rose 1.32%. The company s consolidated net profit surged 52.7% to Rs 414 crore on 18.4% rise in net sales to Rs 7412 crore in Q4 FY21 over Q4 FY20.

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