Nifty reclaims 14,700 mark; breadth strong

New Delhi, Mar 1 (Agency) Benchmark indices firmed up once again afternoon trade. The Nifty re-claimed 14,700 mark. Value buying emerged after a heavy selling in the previous trading session. At 13:20 IST, the barometer index, the S&P BSE Sensex, surged 728.01 points or 1.48% at 49,828.00. The Nifty 50 index advanced 202.20 points or 1.39% at 14,731.35.

Strength in HDFC Bank (up 1.96%), HDFC (up 2.35%) and Infosys (up 2.07%) boosted the indices. The broader market was trading firm. The S&P BSE Mid-Cap index rose 1.16%. The S&P BSE Small-Cap index gained 1.33%.

Buyers outnumbered sellers. On the BSE, 1,852 shares rose and 1,069 shares fell. A total of 195 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 8,295.17 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,499.70 crore in the Indian equity market on 26 February 2021, provisional data showed.