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Stock markets overcome volatility, close in positive zone


Equity benchmark indices erased volatility of the morning session and gained in the last trading hours on Thursday.

The opened at 37,179, jumped to a high of 37,519 and finally settled at 37,393. The too witnessed a volatile session but closed 100 points up at 11,257.

Except for pharma, all sectoral indices at the National Stock Exchange were in the green. Investors attributed the swings to wait-and-watch sentiment in the market and mixed quarterly corporate results ahead of the exit polls.

Zee Entertainment was a prominent gainer which closed over 9 per cent up at Rs 351.70.

gained more than 8 per cent after on Wednesday transferred all its branded to Tata Global Beverages, which will be renamed as Tata Consumer Products.

gained 4.8 per cent, 4 per cent, and 8 per cent each.

But was down 8.8 per cent down after reports of differences between founders and over strategies and ambitions for low-cost

Among other losers were Yes Bank, Bharti Airtel, IndusInd Bank, and

Meanwhile, Asian equities swung between gains and losses as US-tensions continued to flare.

Stocks fell in and after US moved to curb Huawei Technologies' access to the US market and American suppliers.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 17:03 IST