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The key equity indices traded with limited gains in mid-afternoon trade. The Nifty traded a tad above the 18,400 level. Media shares witnessed buying demand.
At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 201.23 points or 0.32% to 62,168.93. The Nifty 50 index added 87.15 points or 0.48% to 18,401.55.
In the broader market, the S&P BSE Mid-Cap index rose 0.48% while the S&P BSE Small-Cap index gained 0.31%.
The market breadth was positive. On the BSE, 1,859 shares rose and 1,583 shares fell. A total of 125 shares were unchanged.
Numbers to track:
The yield on India's 10-year benchmark federal paper advanced 7.011 as compared with previous close of 7.001.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 82.81, compared with its close of 82.8450 during the previous trading session.
MCX Gold futures for 5 June 2023 settlement declined 0.71% to Rs 59,816.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.13% to 103.33.
The United States 10-year bond yield rose 0.27% to 3.724.
In the commodities market, Brent crude for July 2023 settlement fell 8 cents or 0.11% to $75.91 a barrel.
Buzzing Index:
The Nifty Media advanced 1.10% to 1,683.30. The index fell 0.09% in past trading sessions.
New Delhi Television (up 4.97%), Navneet Education (up 4.52%), TV18 Broadcast (up 4.24%), Network 18 Media & Investments (up 2.23%) and Sun TV Network (up 1.91%), Nazara Technologies (up 1.67%), PVR Inox (up 0.92%), Hathway Cable & Datacom (up 0.76%) advanced.
On the other hand, Dish TV India (down 1.37%), Zee Entertainment Enterprises (down 0.67%) declined.
Stocks in Spotlight:
Escorts Kubota fell 0.32%. The company announced that its Agri Machinery Business Division shall be increasing the prices of tractors effective from 1 June 2023.
Kokuyo Camlin declined 1.62%. The company said that well-known investor Porinju Veliyath-owned Equity Intelligence India bought 0.54% stake in the company via bulk deal on Monday, 22 May 2023.
Matrimony.com rallied 3.67% after investment management firm Carnelian Asset Advisors bought 0.61% stake in the company via bulk deal on Monday, 22 May 2023.
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