Indian stock markets stable |
Indian equity benchmark indices Sensex and Nifty gained in early trade on March 14 despite weak global cues led by the Silicon Valley Bank collapse. Amid volatile trading, the 30-share BSE Sensex surged 205.55 points or 0.35 percent to 58,443.40 points while the broader NSE Nifty rose 44 points or 0.26 percent to 17,198.30 points. On March 13, domestic share markets had ended with losses for the third consecutive session, declining around one and a half percent. BSE Sensex dropped 897 points, or 1.52 percent, to end at 58,238. The Nifty fell 259 points, or 1.49 percent to settle at 17,154. The Mid-Cap index at BSE shed 1.8 percent and the Small Cap index fell 2 percent. In the Sensex, only Tech Mahindra gained 6.8 percent, the rest 29 companies witnessed losses. All sectoral indices at BSE ended in negative. The Bankex sector plunged 2.2 percent, the Telecom sector shed 2.1 percent and the Auto industry slipped two percent. The overall market breadth was negative as shares of 2,838 companies fell while shares of 766 companies rose. A total of 153 shares remained unchanged.
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