You are here: Home » Markets » News

Sensex ends lacklustre trade 272 pts up; Nifty tops 14,700; metal, IT rally

The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively

MARKET WRAP | Markets | Sensex

SI Reporter  | New Delhi 


Stock market updates: Market witnessed a lacklustre trade on the day of the weekly F&O expiry as consistent rise in Covid-19 cases kept investors on the fence. However, March quarter results did lead to a sharp, stock-specific movement in select counters. The benchmark S&P BSE swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively. 

At close, the BSE barometer settled at 48,950 levels, up 272 points or 0.5 per cent. Bajaj Auto (up 2.5 per cent) closed the session as the top index performer, followed by HDFC, Tech Mahindra, Infosys, ICICI Bank, Nestle India, and Kotak Mahindra Bank. On the downside, Bajaj Finserv, PowerGrid, ONGC, Sun Pharma, IndusInd Bank, and NTPC settled as top laggards, down up to 1 per cent.

On the NSE, the 50-share index closed at 14,725 level, up 107 points or 0.7 per cent. About 35 of the 50 constituents on the index settled firm including Hindalco, Wipro, Hero MotoCorp, Tata Motors, Eicher Motors, and Bajaj Auto.

The broader markets, too, performed in-line with frontline indices. The S&P BSE MidCap index added 0.9 per cent while the S&P BSE SmallCap index gained 0.6 per cent. Motilal Oswal Financial Services, IDBI Bank, Mphasis, Jindal Steel, Coforge, Angel Broking, Datamatics, and Subex were some of the outperformers in the broader market space.

Sectorally, the Nifty PSU Bank and Pharma indices nursed losses on the NSE today, down 1.2 per cent and 0.3 per cent, respectively. On the upside, metals and IT stocks continued to shine with the Nifty Metal and IT indices soaring up to 2.5 per cent.

Global markets
European stocks inched higher on Thursday, hovering near record levels, as strong earnings reports from AB Inbev and several eurozone banks added to an upbeat mood sparked by solid economic data.

The pan-European STOXX 600 index rose 0.2 per cent, with food and beverage, utilities and telecoms leading the gains. 

In Asia, Japan's Nikkei jumped 1.8 per cent as it reopened after a five-day holiday while MSCI’s index of Asia-Pacific shares outside Japan gained 0.19 per cent. But Chinese shares, also resuming trade for the first time since last week, wobbled. The CSI300 fell 1.2 per cent, led by falls in biotech firms.

(With inputs from Reuters)


Auto Refresh