The equity barometers were trading in a narrow range with modest losses in early afternoon trade. A rise in US bond yields spoilt investor sentiment globally. The Nifty was trading above 15,150 mark.
At 12:20 IST, the barometer index, the S&P BSE Sensex, dropped 335.06 points or 0.65% at 51,109.59. The Nifty 50 index slipped 89.75 points or 0.59% at 15,155.85.
In the broader market, the S&P BSE Mid-Cap index rose 0.79% while the S&P BSE Small-Cap index added 0.94%.
The market breadth was positive. On the BSE, 1,566 shares rose and 1,207 shares fell. A total of 176 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 5.69% to 23.3475. The Nifty 25 March 2021 futures were trading at 15,155, at a discount of 0.85 point as compared with the spot at 15,155.85.
The Nifty option chain for 25 March 2021 expiry showed maximum Call OI of 21.2 lakh contracts at the 16,000 strike price. Maximum Put OI of 32.3 lakh contracts was seen at 14,000 strike price.
Coronavirus Update:
Total COVID-19 confirmed cases worldwide stood at 11,51,74,302 with 25,59,473 deaths. India reported 1,73,413 active cases of COVID-19 infection and 1,57,435 deaths while 1,08,26,075 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
Buzzing Index:
The Nifty Metal index corrected 1.60% to 3,993.60. The index surged 6.17% in the past three sessions.
Hindustan Copper (down 4.31%), Jindal Steel & Power (down 3.03%), SAIL (down 2.74%), JSW Steel (down 2.60%) and Tata Steel (down 2.08%) declined.
Stocks in Spotlight:
Great Eastern Shipping Company (G E Shipping) fell 0.08%. The company has signed a contract to buy a secondhand Supramax Bulk Carrier of about 56,103 deadweight tonnage (dwt). The 2013 Japanese built vessel is expected to join the company's fleet in Q1 FY22.
Infosys rose 0.49%. The IT major announced that it would be bringing 500 jobs to Calgary over the next three years, doubling its Canadian workforce to 4,000 employees by 2023.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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