Nifty scales above 22,350; financial services advance
Mumbai, March 28 -- The headline equity benchmarks extended gains and hit fresh day's high in mid-morning trade. The Nifty marched above the 22,350 mark. Financial services shares witnessed buying demand for the second consecutive trading session. Trading could be volatile due to the March F&O series expiry today.
At 11:28 IST, the barometer index, the S&P BSE Sensex was surged 819.89 points or 1.12% to 73,813.04. The Nifty 50 index jumped 246.25 points or 1.11% to 22,369.90.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.48% and the S&P BSE Small-Cap index added 0.77%.
The market breadth was strong. On the BSE, 2,265 shares rose and 1,309 shares fell. A total of 147 shares were unchanged.
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