Benchmark indices snapped two-day losing streak on Thursday, driven by healthcare, technology and auto stocks.
Stock markets in India continued to trade on a firm note in the afternoon session. At the closing bell, the BSE Sensex stood higher by 146 points, while the NSE Nifty finished up by 53 points. Meanwhile, the S&P BSE Mid Cap finished & the S&P BSE Small Cap finished up by 1.3% and 1.4% respectively. Gains were largely seen in pharma stocks and realty stocks.
NSE Nifty closed at 8778 levels, up by 53.30 points or 0.61%, while BSE Sensex closed at 28301.27 levels, up by 145.71 points or 0.52%.
Asian stock markets finished mixed and showed caution on account of weaker US$ despite a strong overnight lead from Wall Street. The Shanghai Composite gained 0.52% and the Hang Seng rose 0.47%. The Nikkei 225 lost 0.47%. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.41% while France’s CAC 40 is off 0.37% and Germany’s DAX is lower by 0.21%.
Tata Group stocks traded in green on Thursday.
FMCG heavyweight player, ITC Limited closed at Rs 266.30 per share, down by Rs 6.70 per share or 2.60%. The stock contributed the most to the BSE FMCG index’s losses. Though the index was trading in red, Radico Khaitan is the top gainer in the index, closing at Rs 130 per share, up by Rs 9.70 per share or 8.06%.
Other FMCG stocks like KCP Sugar & Industries Corporation Ltd., Dalmia Bharat Sugar and Industries Ltd., Vadilal Industries Ltd., Goodricke Group Ltd., LT Foods Ltd., and Som Distilleries and Breweries Ltd., closed higher by 4%.
Broader Markets outperformed the major indices in Thursday’s trading session. BSE Mid-cap index closed at 13352.59 levels, up by 164.77 points or 1.25%. BSE Small-cap index closed at 13413.95 levels, up by 179.13 points or 1.35%.
Cadila Healthcare Ltd., closed at Rs 439.80 per share, up by Rs 81.40 per share or 22.71%.
JP Associates closed at Rs 13.75 per share, up by Rs 1.70 per share or 14.11%.
PNB Gilts Ltd., closed at Rs 57.35 per share, up by Rs 6.45 per share or 12.67%.
Bharat Forge closed at Rs 1081.15 per share, up by Rs 61.40 per share or 6.02%.
There were 1136 advances, 484 declines and 296 unchanged stocks on NSE, reflecting strong positive bias floating in the market. 37 stocks touched their fresh 52 week high; whereas 19 stocks touched their fresh 52 week low on NSE in Thursday’s trading session.
The rupee was trading at 67.07 per US dollar.
Top 5 Nifty Gainers: Sun Pharma (4.27%), Aurobindo Pharma Ltd. (4.10%), Infosys Ltd. (3.08%), Maruti Suzuki (2.87%), and Eicher Motors Ltd. (2.58%).
Top 5 Nifty Losers: ITC (-2.60%), Bharti Infratel Ltd. (-1.73%), Asian Paints (-1.15%), L&T (-1.01%) and BPCL (-0.81%)
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