Financials stocks were trading in red, with the S&P BSE Finance index decreasing 33.57 points or 0.44% at 7643.47 at 13:48 IST. Among the components of the S&P BSE Finance index, Dewan Housing Finance Corporation Ltd (down 4.84%), Muthoot Finance Ltd (down 2.35%),Bajaj Finance Ltd (down 2.06%),Equitas Holdings Ltd (down 2%),Shriram Transport Finance Company Ltd (down 1.71%), were the top losers. Among the other losers were Manappuram Finance Ltd (down 1.68%), Repco Home Finance Ltd (down 1.66%), CSB Bank Ltd (down 1.66%), BF Investment Ltd (down 1.61%), and Muthoot Capital Services Ltd (down 1.5%). On the other hand, Indian Overseas Bank (up 10%), Bank of Maharashtra (up 9.82%), and Bank of India (up 7.41%) turned up.
Key equity indices extended early gains and hit fresh intraday high in morning trade. The Nifty was trading near the 15,000 mark. Banks, metals and energy shares were in demand. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 471.44 points or 0.94% to 50,876.76. The Nifty 50 index added 157.55 points or 1.07% to 14,919.10.
Investors rejoiced after the US Senate approved the U.S. President Joe Biden s $1.9 trillion COVID-19 relief package.
In the broader market, the S&P BSE Mid-Cap index gained 1% while the S&P BSE Small-Cap index rose 1.30%.
The market breadth was strong. On the BSE, 1891 shares rose and 730 shares fell. A total of 173 shares were unchanged.
Read more about Sensex ends almost flat, Nifty ends below 15,000; PSU banks, metal stocks advance on Business Standard. Domestic equity market started on a strong note, but gave up all gains during the latter half of the day. PSU banks, metals and pharma stocks advanced while autos, financials and FMCG shares declined. The barometer index, the S&P BSE Sensex, rose
Key equity barometers turned range bound in early afternoon trade. The Nifty continued to hold its crucial 15,000 mark. PSU banks, metals and pharma stocks were in demand.
At 12:20 IST, the barometer index, the S&P BSE Sensex, advanced 219.15 points or 0.43% at 50,624.47. The Nifty 50 index rallied 80.15 points or 0.54% at 15,018.25.
In the broader market, the S&P BSE Mid-Cap index rose 0.76% while the S&P BSE Small-Cap index added 1.04%.
The market breadth was strong. On the BSE, 1,806 shares rose and 1,100 shares fell. A total of 208 shares were unchanged.
Gains were capped as the Brent crude futures surged above $70 a barrel on Monday, following reports of attacks on Saudi Arabian facilities. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation..
Read more about Sensex, Nifty pare gains; Asian shares decline on Business Standard. The benchmark indices pared gains in mid-morning trade. The Nifty held above the 15,000 mark. IT shares witnessed some bit of value buying. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 282.24 points or 0.56% to 50,687.56. The Nifty