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The Indian benchmark indices closed over 0.2% higher on Thursday due to a strong buying trend in the FMCG and IT sectors. Also, similar trends in the global markets spurred the indices to close higher. The markets witnessed volatility over the day, and the indices managed to close higher.
The S&P BSE Sensex closed the day at 54,492.84 points. Over Thursday, it grew by 0.23% or 123.07 points. Among the 30 stocks that form the Sensex index, 15 closed higher while the remaining 15 closed in the red. Bharti Airtel and ITC emerged as the most significant gainers, with their share price rising by 4.30% and 3.14%, respectively.
Tech Mahindra, Tata Steel, HCL Tech and HDFC Bank followed them with their share price shooting up by 2.55%, 2.15%, 1.93%, and 1.42%, respectively. Reliance, Kotak Bank, Nestle India, and TCS saw their share price growing by 1.41%, 1.31%, 0.91% and 0.36%, respectively. The other stocks to close the day in the green are Infosys, L&T, Dr Reddy’s and Sun Pharma.
State Bank of India and IndusInd Bank lost the most among the Sensex index; their share price collapsed by 3.33% and 2.13%, respectively, over the day. Bajaj Finance, ICICI Bank, Bajaj Finserv, UltraTech Cement followed them with their share price going down by 1.78%, 1.77%, 1.35%, and 1.20%, respectively.
Maruti, NTPC, Asian Paint, M&M, Hindustan Unilever, and Axis bank saw their share price dropping by 1.06%, 0.98%, 0.90%, 0.89%, 0.76%, and 0.59%, respectively. The other Sensex stocks to close the day in the negative terrain are HDFC, Bajaj Auto, PowerGrid and Titan.
The NSE Nifty 50 closed the day at 16.294.60 points. It gained 0.22% or 35.80 points over the day. Among the 50 stocks that form the Nifty index, 26 stocks ended the day in the green, while the remaining 24 wrapped up Thursday in the red. Bharti Airtel gained the most while SBI lost the most among the Nifty stocks.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
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