The domestic equities were trading with minor gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 17.59 points or 0.04% at 47,967.01. The Nifty 50 index gained 17.95 points or 0.13% at 14,377.40.
Bajaj Finance (up 3.60%), Larsen & Toubro (up 1.85%) and ICICI Bank (up 0.54%) boosted the indices.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index advanced 1.19%. The S&P BSE Small-Cap index added 1.02%.
Buyers outnumbered sellers. On the BSE, 1,804 shares rose and 956 shares fell. A total of 161 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,633.70 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,355.56 crore in the Indian equity market on 19 April 2021, provisional data showed.
Read more about Financials under pressure; ICICI Bank, RBL Bank, IndusInd slip up to 7% on Business Standard. The first fortnight of April 2021 has been weak in terms of business (already down 20 per cent) due to lower working days and onset of an aggressive second wave of Covid-19 infections
The domestic indices trimmed losses in afternoon trade. A spike in domestic coronavirus cases and localized lockdown being announced by various state governments dented investors sentiment. The Nifty index re-claimed 14,300 level.
At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 957.14 points or 1.96% at 47,874.89. The Nifty 50 index tumbled 285.85 points or 1.96% at 14,332.
Housing Development Finance Corporation (HDFC) (down 3.32%) and ICICI Bank (down 3.26%) were major drags.
In the broader market, the S&P BSE Mid-Cap index lost 2.07%. The S&P BSE Small-Cap index declined 1.71%.
Sellers outnumbered buyers. On the BSE, 647 shares rose and 2,217 shares fell. A total of 182 shares were unchanged.
Highlights
TCS, ONGC, ICICI Bank, HDFC Bank, among others, were the top gainers.
Most Asian markets ended in the red zone.
New Delhi: On Thursday, equity benchmark Sensex rebounded 259.62 points or 0.53% to 48,803.68 while Nifty ended up 76.65 points or 0.53% higher at 14,581.45, thanks to the strong gains in IT and banking stocks.
TCS, ONGC, ICICI Bank, HDFC Bank, Dr Reddy’s Laboratories, Housing Development Finance Corporation (HDFC), Axis Bank and HCL Tech performed the best on Sensex. Meanwhile, Infosys, IndusInd Bank, Maruti Suzuki, Nestle India, Bajaj Finance, UltraTech Cement and ITC were among the index draggers.
As far as sectoral performances are concerned, Nifty Pharma was up 1.4% while Nifty Auto fell over 1%. “Auto stocks were worst hit mainly due to wider economic restrictions imposed in Maharashtra, which contributes over 20% of automobiles production of the country,” said Binod Modi, Head - Strategy at Reliance Securities.
HDFC Chairman Deepak Parekh’s family buys Rs 50-cr sea-view apartment in Mumbai’s Worli
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Synopsis
The deal was registered in the name of his wife Smita Parekh on March 30, just a day before the reduced stamp duty benefit announced by the government of Maharashtra was about to come to an end. The buyer has paid Rs 1.50 crore as stamp duty for the registration of the apartment.
PTI
Stamp duty was charged at 3% of the agreement value between January and March 31.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh’s family has purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project Raheja Artesia in Mumbai’s plush Worli locality for Rs 50 crore.