After hovering near the flat line in mid-morning trade, key benchmark indices moved higher in early afternoon trade. At 12:19 IST, the barometer index, the S&P
BSE Sensex, was up 109.41 points or 0.45% at 24,595.36. The 50-unit
Nifty 50 index was currently up 33.80 points or 0.45% at 7,469.95. In overseas stock markets, Asian stocks extended gains and Chinese stocks staged an intraday rebound, which in turn aided the upmove for Indian stocks.
The
Sensex rose 159.75 points or 0.65% at the day's high of 24,645.70 in early trade. The barometer index fell 21.62 points or 0.08% at the day's low of 24,464.33 in morning trade. The Nifty rose 39.90 points or 0.53% at the day's high of 7,476.05 in early trade. The index shed 16.45 points or 0.22% at the day's low of 7,419.70 in morning trade, its lowest level since 22 January 2016.
The market breadth indicating the overall health of the market was strong. On BSE, 1,410 shares gained and 865 shares fell. A total of 143 shares were unchanged. The BSE Mid-Cap index was currently up 0.52%. The BSE Small-Cap index was currently up 0.53%. Both these indices outperformed the Sensex.
http://www.business-standard.com/article/news-cm/strong-market-breadth-116012700436_1.html