The benchmark equity indices ended Thursay’s trading session in the lacklustre territory. The NSE Nifty 50 ends higher by 19.50 points or 0.09% to settle at 22,493.55, while the BSE Sensex gannied 33.40 or 0.05% to 74,119.39. Bank Nifty index ended lower by 129.60 points or 0.27% to settle at 47,835.80.
The broader indices ended in positive territory, with gains led by Smallcap and Largecap stocks. Media and Metal stocks outperformed whereas Banks and Energy stocks shed.
Tata Consumer Products, Tata Steel, Bajaj-Auto, UPL, and JSW Steel were the top gainers on the NSE Nifty 50, while the laggards includes Mahindra & Mahindra, BPCL, Reliance Industries, Axis Bank, LTI Mindtree.
The Indian Volatility Index (India VIX) closed down by 4.77 %.
“Equity benchmark indices edged higher after hitting a record high amid a firm trend in the US market and FII inflows. Moreover, faster than expected economic growth for the current fiscal year boosted sentiments for metal and capital goods stocks,” said Vinod Nair, Head of Research at Geojit Financial Services
Nair also said that, Meanwhile, global indices exhibited mixed sentiments, driven by the Fed’s signals of hope for a potential rate cut this year. Further clarity on the labour market, anticipated with the release of non-farm payroll data on Friday, will offer insights into potential rate adjustments.