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The benchmark indices traded in a narrow range with modest gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 194.57 points or 0.38% at 51,726.09. The Nifty 50 index gained 50.65 points or 0.33% at 15,223.95.
The broader market was trading higher. The S&P BSE Mid-Cap index rose 0.20%. The S&P BSE Small-Cap index gained 0.39%.
Buyers outpaced sellers. On the BSE, 1,529 shares rose and 1,317 shares fell. A total of 161 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 944.36 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 707.68 crore in the Indian equity market on 11 February 2021, provisional data showed.
Q3FY21 earnings: Growth momentum continues with impressive show so far
A bunch of 42 stocks of Nifty 50, whose results have been declared, saw a 3 per cent decline in their net sales on a year-on-year (y-o-y) basis, but have grown sequentially at 12 per cent
Niti Kiran | February 12, 2021 | Updated 23:08 IST
The December quarter earnings season continue to beat street estimates and are expected to maintain an upward trajectory going forward. A bunch of 42 stocks of Nifty 50, whose results have been declared, saw a 3 per cent decline in their net sales on a year-on-year (y-o-y) basis, but have grown sequentially at 12 per cent. Around 13 companies, including a handful of oil and gas stocks such as Bharat Petroleum Corp and Indian Oil Corp have seen a contraction in their revenues on a standalone basis. The Nifty 50 pack registered a much sharper fall of 8.5 per cent in net sales in the second quarter of FY21.