Barometers traded in a narrow range in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, jumped 372.49 points or 0.76% at 49,155. The Nifty 50 index gained 94.30 points or 0.66% at 14,441.55. In the broader market, the S&P BSE Mid-Cap index fell 0.66% while the S&P BSE Small-Cap index lost 0.39%. The market breadth was negative. On the BSE, 1,266 shares rose and 1,694 shares fell. A total of 162 shares were unchanged. Nifty Financial Services Index (FINNIFTY) F&O contracts started trading from today. It is a diversified index of banks, insurance companies, NBFCs, etc. compared with the Bank Nifty index which includes only banks stocks. NSE has waived transaction charges for 6 months.