A bout of volatility was seen as key benchmarks hit fresh intraday high in mid-afternoon trade. At 14:19 IST, the barometer index, the S&P BSE Sensex, was up 146.83 points or 0.43% at 34,597.60. The Nifty 50 index was up 27.55 points or 0.26% at 10,612.25.
Key indices opened higher and extended gains as the session progressed amid high volatility. The Sensex rose 181.67 points, or 0.53% at the day's high of 34,632.44 in mid-afternoon trade. The index rose 14.72 points, or 0.04% at the day's low of 34,465.49 in morning trade. The Nifty rose 34.80 points, or 0.33% at the day's high of 10,619.50 in mid-afternoon trade. The index fell 15.70 points, or 0.15% at the day's low of 10,569 in afternoon trade.
Among secondary barometers, the BSE Mid-Cap index was down 0.13%. The BSE Small-Cap index was down 0.15%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,342 shares fell and 1,217 shares rose. A total of 151 shares were unchanged.
Realty shares were mixed. Oberoi Realty (down 1.99%), Phoenix Mills (down 1.38%), Housing Development and Infrastructure (HDIL) (down 1.02%), Sobha (down 0.79%), Mahindra Lifespace Developers (down 0.71%), Godrej Properties (down 0.46%), Sunteck Realty (down 0.33%) and Anant Raj (down 0.31%), edged lower. Prestige Estates Projects (up 0.02%), Omaxe (up 0.07%), Peninsula Land (up 0.42%), DLF (up 1.13%), Indiabulls Real Estate (up 1.50%), Parsvnath Developers (up 2.17%) and D B Realty (up 3.85%), edged higher.
FMCG shares were mixed. Jyothy Laboratories (down 1.69%), Nestle India (down 0.8%), Britannia Industries (down 0.6%), Colgate Palmolive (India) (down 0.33%), Procter & Gamble Hygiene & Health Care (down 0.31%), GlaxoSmithKline Consumer Healthcare (down 0.23%) and Bajaj Corp (down 0.12%), edged lower. Dabur India (up 0.04%), Hindustan Unilever (up 0.35%), Tata Global Beverages (up 0.44%), Marico (up 0.60%) and Godrej Consumer Products (up 0.83%), edged higher.
Overseas, European stocks were trading higher. Asian shares were mixed with a decline in tech shares and rising US bond yields weighing on investor sentiment. Stocks ended on a mixed note as investors grappled with rising bond yields and a mixed bag of earnings reports.
The closely watched yield on the 10-year Treasury note climbed, settling just below the psychologically important 3% level.
The Chicago Fed national activity index for March declined to 0.10 from 0.98 in February. Preliminary readings of the manufacturing and services purchasing managers' indexes for April showed that IHS Markit flash manufacturing PMI rose to 56.5 in April from 55.6, while the flash reading for services showed a climb to 54.4 in April from 54.
Meanwhile, existing-home sales in the US increased 1.1% in March from the previous month to a seasonally annual rate of 5.60 million.
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