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“Indian equity markets started on a good note in the morning registering sharp gains, however by the end of the trading session, the FMCG and banking sectors showed signs of weakness, resulting in marginal gains for the full session.”
“While the S&P BSE Sensex ended 114 points or 0.37 percent higher at 30,932.90, the NIFTY 50 index gained 0.44 percent or 40 points to close at 9,106.25. In the intraday trading, the Sensex had surged 370 points. The BSE Midcap and Small cap indices closed 0.76 percent and 0.72 percent higher, respectively. Nifty Bank, Private Bank, Financial Service and Realty indices registered losses to the tune of 0.69 percent according to Amar Deo Singh, Head Advisory, Angel Broking Ltd.”
“In the Nifty 50 index, Wipro, Sun Pharma, Maruti, Asian Paints, Bajaj Auto, HCL Technologies, Infosys, ITC, Hero Moto Corp, Bharti Infratel and Pidilite were among the top gainers Whereas, IndusInd Bank, L&T, HUL and Bajaj Finance remained the index top losers.”
“RIL that has been in the limelight for long ahead of opening of its rights issue did not do much to electrify the escalated market rally. Touching the day’s high of Rs 1461.45, the stock of Reliance Industries Limited closed at Rs. 1,440.00, rising by Rs. 6.30 or 0.44%.”
“Due to low demand and shrinking earning capacity of people, manufacturing and energy sector stocks took a beating on the bourses today. The stocks in the energy sector witnessed a substantial downswing in prices with NIFTY ENERGY closing at 12,502.60 points, plummeting by 0.005 percent. Bellwether FMCG stock Hindustan Unilever Ltd declined by 1% to close at Rs. 1,970.70”
The equities in the Infra sector slackened the stock markets in today’s trade. Larsen & Toubro Limited was amongst the top infra brands on the Nifty 50 chart on Wednesday. However the stock slipped the charts on Thursday closing declining by Rs. 14.00 or 1.68% and settled at Rs.821.00.
