Barometer indices were trading sideways with losses in mid-afternoon trade. The Nifty held above the 15,150 level. At 14:31 IST, the barometer index, the S&P BSE Sensex, declined 317 points or 0.62% at 51,127.18. The Nifty 50 index lost 83.25 points or 0.55% at 15,162.10. A rise in US bond yields spoilt investor sentiment globally.
The broader market continued trading firm. The S&P BSE Mid-Cap index added 0.87% while the S&P BSE Small-Cap index rose 1.1%.
Buyers outpaced sellers. On the BSE, 1,634 shares rose and 1,262 shares fell.
A total of 198 shares were unchanged.
Broader Market Gainers:
Adani Power (up 10%), BHEL (up 8.9%), IDBI Bank (up 8.3%), Container Corporation of India (up 7.1%), GMR Infra (up 7%), AU Small Finance Bank (up 6.5%) and Natco Pharma (up 5.8%) were top gainers in BSE Mid Cap index.
Rane Madras (up 20%), Seya Industries (up 18.3%), Welspun Enterprises (up 15.4%), Balmer Lawrie (up 14.5%), Jindal Poly Films (up 13.58%), Gati (up 12.24%) and Indiabulls Real Estate (up 10%) were top gainers in BSE Small Cap index.
Numbers to Track:
The yield on 10-year benchmark federal paper fell to 6.22% as compared to its previous close of 6.238%.
In the foreign exchange market, the partially convertible rupee fell to 72.7775, compared with its previous closing of 72.72.
MCX Gold futures for 5 April 2021 settlement fell 0.46% to Rs 44,739.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, rose 0.27% to 91.183.
In the commodities market, Brent crude for May 2021 settlement rose 31 cents to $64.38 a barrel. The contract increased 2.1% to settle at $64.07 a barrel in the previous session.
Stocks in Spotlight:
Ashoka Buildcon gained 3.6% after the company entered into a share purchase agreement with India Infrastructure Fund (IIF) for acquiring 49% stake in Ashoka Highways (Bhandara) (AHBL). The deal involves acquisition of 1,27,95,399 equity share held by IIF in AHBL along with zero interest shareholders loan for an aggregate consideration of Rs 35.98 crore.
IRCON International rose 1.98%. The EPC company has secured the work for replacement of mechanical signalling at various locations at Moradabad (Uttar Pradesh) at the expected completion cost of Rs 187.80 crore. The tenure for execution of the works is 24 months. The work was awarded based on competitive bidding among the public sector undertakings (PSUs) by the Northern Railways, Ministry of Railways. The announcement was made after market hours yesterday, 3 March 2021.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU