Equity benchmarks saw consolidation for third consecutive session Thursday as investors, after pricing in Union Budget and RBI’s neutral policy stance, shifted their focus back to Q3 earnings and global cues. Factory data for the month of December, due Friday evening, will also be closely watched.
NSE Nifty closed at 8778.4 levels, up by 9.35 points, while BSE Sensex closed at 28329.7 levels, up by 39.78 points.
Broader markets have shown some positive bias till afternoon hours but slipped thereafter. However, they recovered in the closing hours. BSE Mid-cap index closed at 13506.61 levels, up by 31.63 points or 0.23%. BSE Small-cap index closed at 13582.89 levels, up by 25.29 points or 0.19%.
Nifty Media index was the star performer of the day. The index touched the high of 3035.40 levels, up by 2.26%. The index closed at 3022.90 levels, up by 1.84%.
Sun TV was the top gainer in the Nifty Media index. The stock closed at Rs 736.5 per share, up by
Rs 31.55 per share or 4.48%. DEN Networks Limited was on the second position, closing at Rs 87.50 per share, up by Rs 3.10 per share or 3.67%.
Bank stocks were seen to be under pressure. 10 stocks from Nifty PSU Bank stocks declined out of a total of 11 stocks. Union Bank closed at Rs 152.95 per share, down by Rs 13.60 per share or 8.17%.
Aptech Ltd., closed at Rs 235.95 per share, up by Rs 39.30 per share or 19.98%.
RPP Infra Projects Ltd., closed at Rs 351.60 per share, up by Rs 58.60 per share or 20%.
Venky’s (India) Ltd., closed at Rs 720.10 per share, up by Rs 120 per share or 20%.
Sun TV closed at Rs 736.50 per share, up by Rs 31.55 per share or 4.48%.
Coffee Day closed at Rs 224 per share, up by Rs 21.25 per share or 10.48%.
JustDial closed at Rs 427.90 per share, up by Rs 23.90 per share or 5.92%.
There were 793 advances, 845 declines and 273 unchanged stocks on NSE, reflecting mixed feelings floating in the market.
The rupee was trading at 66.84 per US dollar.
Top 5 Nifty Gainers: Bharti Infratel Ltd. (2.56%), Zee Entertainment Enterprises Ltd. (2.34%), Tech Mahindra Ltd. (2.20%), TCS (2.03%), and Aurobindo Pharma Limited (1.49%).
Top 5 Nifty Losers: Hindalco Industries Limited (-2.65%), Cipla (-2.35%), Tata Steel (-2.20%), NTPC (-1.66%) and Bank of Baroda (-1.39%)
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