Closing Bells: Indian Benchmark Indices Closed Thursday in the Red

The Indian benchmark indices closed lower for the second day on the trot. The indices’ losses are attributable to the estimated GDP numbers’ announcement for FY 2020-21 tomorrow. The broader markets continued their trend of outperforming their large-cap counterparts. 

The S&P BSE Sensex closed the day lower by 0.17% or 80.74 points. It ended Thursday at 48,093.32 points. Only eleven of the thirty stocks closed the day in the green while the remaining nineteen tanked. Bharti Airtel emerged as the top gainer in the index. Its share price rose by 3.70%. 

IndusInd Bank and Axis Bank followed with their share price advancing by 3.22% and 2.48% respectively. Bajaj Finserv, L&T, and M&M saw their share price surging by 2.31%, 1.92%, and 1.09% respectively. The other stocks to close the day in the green were Bajaj Finance, SBI, ONGC, HDFC and PowerGrid. 

Also Read: Closing Bells: Sensex Closes Higher for the 10th Day in Succession

Titian and Nestle India led the losses in the index. Their share price fell by 2.03% and 2% respectively. Hindustan Unilever, Infosys, HCL Tech, ITC and ICICI Bank were the other stocks to lose over 1%. Their share price collapsed by 1.97%, 1.53%, 1.38% and 1.31% respectively over the day. 

Kotak Bank, UltraTech Cement, Maruti, NTPC and Bajaj Auto saw their share price going down by 0.90%, 0.88%, 0.87%, 0.82%, and 0.77% respectively. The other stocks to close the day in the negative terrain are TCS, Sun Pharma, Asian Paints, Dr Reddy’s, HDFC Bank, Tech Mahindra, and Reliance. 

The NSE Nifty 50 closed Thursday at 14,137.35 points. It went down by 0.063% or 8.90 points over the day. Twenty-seven of the fifty stocks forming the Nifty index zoomed while the remaining twenty-three of them fell. Tata Steel was the top gainer while Nestle India dropped the most. 

For any clarifications/feedback on the topic, please contact the writer at vineeth.nc@cleartax.in