Benchmark indices traded in a narrow range near the day s high in mid morning trade. The Nifty traded above the 15,050 level. Barring the Nifty Auto index, all the sectoral indices on the NSE were trading in the green.
At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 462 points or 0.92% at 50,758.64. The Nifty 50 index surged 152.35 points or 1.02% at 15,071.70.
In broader market, the S&P BSE Mid-Cap index was up 1.15% while the S&P BSE Small-Cap index rallied 1.56%.
The market breadth was strong. On the BSE, 1822 shares rose and 880 shares fell. A total of 159 shares were unchanged.
COVID-19 Update:
The benchmark indices continued marching ahead in the afternoon trade. The Nifty index was hovering above 15,100 mark.
At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 728.02 points or 1.45% at 51,024.91. The Nifty 50 index gained 218.15 points or 1.46% at 15,137.25.
ICICI Bank (up 2.59%), Infosys (up 2.32%) and HDFC (up 2.12%) boosted the indices.
The broader market rallied. The S&P BSE Mid-Cap index added 1.18%. The S&P BSE Small-Cap index rose 1.60%.
Buyers outnumbered sellers. On the BSE, 1,847 shares rose and 1,029 shares fell. A total of 177 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,223.16 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 854.04 crore in the Indian equity market on 2 March 2021, provisional data showed.
The main stock indices were trading near the day s high in morning trade. The Nifty crossed the crucial 15,000 mark. Barring the Nifty Auto index, all the sectoral indices on the NSE were trading in the green.
At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 395.88 points or 0.79% at 50,692.64. The Nifty 50 index surged 122.5 points or 0.82% at 15,041.70.
In broader market, the S&P BSE Mid-Cap index was up 1.13% while the S&P BSE Small-Cap index was surged 1.31%.
The market breadth was strong. On the BSE, 1712 shares rose and 799 shares fell. A total of 129 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 114,728,460 with 2,548,573 deaths.
Synopsis
Under the plan approved by NCLT, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.
Agencies
As per the plan submitted in NCLT, Infratel s lenders were set to take more than a 60% haircut through the asset monetisation plan of this tower company.
The National Company Law Tribunal (NCLT) has upheld Doha Bank s petition, seeking 100% recovery for the financial creditors of Reliance Communications (RCom) tower unit Reliance Infratel, amounting to Rs.3,515 crore. The NCLT s decision will be a big boost for the tower unit s lenders whose fate is not hinged on RCom s resolution plans.
Read more about Sensex spurts 1100 pts, Nifty climbs over 2% as banks rally; RIL jumps 4.5% on Business Standard. Domestic shares rallied for the third straight session on Wednesday led by gains in banks, financials and metal stocks. The Nifty settled near 15,250 level. Barring the Nifty Auto index, all the sectoral indices on the NSE ended in the green.