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Shares trade in narrow range; Nifty hovers at 14,800


Key indices traded in a narrow range with losses in early afternoon trade. Mixed global cues and soaring new Covid-19 cases in the country weighed on the sentiment.
At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 389.56 points or 0.78% at 49,376.75. The Nifty 50 index slipped 94.85 points or 0.64% at 14,800.95.
In broader market, the S&P BSE Mid-Cap index was up 0.2% while the S&P BSE Small-Cap index gained 0.51%.
The market breadth was positive. On the BSE, 1489 shares rose and 1220 shares fell. A total of 167 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 809.37 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 942.35 crore in the Indian equity market on 29 April, provisional data showed ....

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Benchmarks trade firm; pharma stocks rebound


Benchmark indices were trading near the day s high in mid-afternoon. At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 1,190.56 points or 2.45% at 49,790.17. The Nifty 50 index surged 371.60 points or 2.60% at 14,653.80.
Shares rallied for the second day as investors cheered Union Budget announcements. Positive global cues also lifted the sentiment.
The broader market lagged the benchmark indices. The S&P BSE Mid-Cap index gained 2.04% while the S&P BSE Small-Cap index gained 1.63%.
Buyers outnumbered sellers. On the BSE, 1,716 shares rose and 1,168 shares fell. A total of 163 shares were unchanged.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. ....

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Sensex, Nifty at day's high; pharma stocks rally


Key indices extended recovery and hit the day s high in mid afternoon trade. At 14:26 IST, the barometer index, the S&P BSE Sensex, added 373.09 points or 0.82% at 45,927.85. The Nifty 50 index rose 108.95 points or 0.82% at 13,437.30.
The broader market lagged the benchmarks. The S&P BSE Mid-Cap index rose 0.43%. The S&P BSE Small-Cap index gained 0.51%.
The market breadth was negative. On the BSE, 1297 shares rose and 1,528 shares fell. A total of 171 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 323.55 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 486.12 crore in the Indian equity market on 21 December 2020, provisional data showed. ....

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