Mumbai, May 23 -- The key equity indices benchmarks traded in narrow range with robust gains in mid-afternoon trade. The Nifty traded above 24,850 mark. The market remained firm despite lingering worries about increasing U.S. interest rates and a growing federal deficit. Investors are likely to keep a close watch on bond yields and global economic indicators.
Private bank stocks rebound after previous session's decline.
At 14:25 IST, the barometer index, the S&P BSE Sensex, zoomed 809.64 points or 1% to 81,761.63. The Nifty 50 index jumped 260.95 points or 1.06% to 24,875.25.
In the broader market, the S&P BSE Mid-Cap index advanced 0.57% and the S&P BSE Small-Cap index rallied 0.53%.
The market breadth was positive. On the BSE, 2,314...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.