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The domestic equities indices were trading in a narrow range in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 328.66 points or 0.67% at 49,535.13. The Nifty 50 index gained 116 points or 0.78% at 14,939.15.
Housing Development Finance Corporation (HDFC) (up 1.48%), ICICI Bank (up 1.33%) and Larsen & Toubro (L&T) (up 3.52%) supported the indices.
The broader indices outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.83%. The S&P BSE Small-Cap index added 0.96%.
Buyers outpaced sellers. On the BSE, 2,005 shares rose and 997 shares fell. A total of 218 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,142.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,468.09 crore in the Indian equity market on 7 May 2021, provisional data showed.
Domestic equity indices extended gains to fourth consecutive trading session on Monday. The Nifty ended near the 14,950 level. All sectoral indices on the NSE ended in the green.
As per the provisional closing data, the S&P BSE Sensex, rose 295.94 points or 0.6% to 49,502.50. The Nifty 50 index rallied 119.2 points or 0.8% at 14,942.65.
In the broader market, the S&P BSE Mid-Cap index added 0.97% while the S&P BSE Small-Cap index rose 0.94%.
The market breadth was strong. On the BSE, 2,079 shares rose and 1027 shares fell. A total of 224 shares were unchanged.
Coronavirus Update:
Total COVID-19 confirmed cases worldwide stood at 15,83,34,639 with 32,93,120 deaths. India reported 37,45,237 active cases of COVID-19 infection and 2,46,116 deaths while 1,86,71,222 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
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