Sensex surges over 500 pts in early trade, Nifty tops 14,680 dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
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.