Broader market witness good buying support

Shares advanced on Tuesday on expectations that India will ease the lockdown following similar lifting of restrictions in Italy, New Zealand and some US states.

Prime Minister Modi on Monday (27 April) held talks with the chief ministers of the country's 28 states to decide on a graded exit from the ongoing lockdown which is in place till 3 May.

The barometer index, the S&P BSE Sensex, was up 22.05 points or 0.07% at 31,765.13. The Nifty 50 index added 9.85 points or 0.11% to 9,292.15.

The market breadth was almost even. On the BSE, 1046 shares rose and 992 shares fell. A total of 180 shares were unchanged. In Nifty 50 index, the breadth was even with 25 stocks advancing while 25 stocks declining.

The S&P BSE Mid-Cap index rose 0.17% 11,649.63. Oracle Financial Services Software (up 6.54%), RBL Bank (down 6.38%), Shriram Transport Finance Co.(up 6.24%), Cholamandalam Investment and Finance Company (up 5.92%) and Max Financial Services (up 4.73%) were the top mid-cap gainers.

The S&P BSE Small-Cap index advanced 0.46% to 10,828.90. Panacea Biotec (up 13.76%), Transpek Industry (up 13.15%), Capri Global Capital (up 12.13%), Just Dial (up 11.99%) and Apollo Micro Systems (up 10.93%) were the top small-cap gainers.

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