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Bulls dominate D-Street; Sensex zooms 904 pts

Read more about Bulls dominate D-Street; Sensex zooms 904 pts on Business Standard. The broader market rallied. The S&P BSE Mid-Cap index added 1.15% while the S&P BSE Small-Cap index rose 1.48%. ....

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Barometers trade in range; Services PMI stands at 55.3

Benchmark indices traded in a narrow range near the day s high in mid morning trade. The Nifty traded above the 15,050 level. Barring the Nifty Auto index, all the sectoral indices on the NSE were trading in the green.
At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 462 points or 0.92% at 50,758.64. The Nifty 50 index surged 152.35 points or 1.02% at 15,071.70.
In broader market, the S&P BSE Mid-Cap index was up 1.15% while the S&P BSE Small-Cap index rallied 1.56%.
The market breadth was strong. On the BSE, 1822 shares rose and 880 shares fell. A total of 159 shares were unchanged.
COVID-19 Update: ....

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Benchmarks turn northbound; breadth strong

The benchmark indices continued marching ahead in the afternoon trade. The Nifty index was hovering above 15,100 mark.
At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 728.02 points or 1.45% at 51,024.91. The Nifty 50 index gained 218.15 points or 1.46% at 15,137.25.
ICICI Bank (up 2.59%), Infosys (up 2.32%) and HDFC (up 2.12%) boosted the indices.
The broader market rallied. The S&P BSE Mid-Cap index added 1.18%. The S&P BSE Small-Cap index rose 1.60%.
Buyers outnumbered sellers. On the BSE, 1,847 shares rose and 1,029 shares fell. A total of 177 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,223.16 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 854.04 crore in the Indian equity market on 2 March 2021, provisional data showed. ....

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Spectrum auction fetches Rs.77,814 cr, Reliance Jio emerges biggest buyer

Updated Mar 3, 2021, 10:58 am IST
855.60 MHz of airwaves were bought for Rs 77,814.80 crores in two days of auction after six rounds of bidding
There were only three bidders this year Airtel, Vodafone Idea and Reliance Jio against seven bidders during the last spectrum auction in 2016. (PTI file photo)
New Delhi: Reliance Jio on Tuesday emerged as the biggest bidder in the telecom spectrum auction, conducted by the government, acquiring spectrum worth Rs 57,122.65 crores. Another prominent bidder, Bharti Airtel, also picked up radio waves worth Rs 18,699 crores in the auction, while rival Vodafone Idea bought spectrum worth Rs 1,993.40 crores.
It was India’s first auction of telecom spectrum in five years and ended on the second day with a total of Rs 77,814.80 crores of airwaves being bought. ....

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Sensex spurts 1100 pts, Nifty climbs over 2% as banks rally; RIL jumps 4.5%

Read more about Sensex spurts 1100 pts, Nifty climbs over 2% as banks rally; RIL jumps 4.5% on Business Standard. Domestic shares rallied for the third straight session on Wednesday led by gains in banks, financials and metal stocks. The Nifty settled near 15,250 level. Barring the Nifty Auto index, all the sectoral indices on the NSE ended in the green. ....

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