Stock market ends flat; Nifty closes below 25,500
At the close, the BSE Sensex was up 50.15 points, or 0.06 per cent, at 82,276.07, while the NSE Nifty 50 gained 57.85 points, or 0.23 per cent, to settle at 25,482.50.
The Indian stock market on Thursday witnessed a strong bounce back, supported by positive global cues.
At the close, the Sensex was up 397.74 points, or 0.49 percent, at 82,307.37, and the Nifty was up 132.40 points, or 0.53 percent, at 25,289.90.
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The Mid and Smallcap segments also outperformed as the BSE Midcap and Smallcap indices gained 1.28% and 1.13%, respectively.
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The overall market capitalisation of BSE-listed firms rose to nearly Rs 459 lakh crore from Rs 454 lakh crore in the previous session.
On the Nifty, around 40 stocks ended higher. The top ones included Dr. Reddy’s Laboratories (up 5.31%), Bharat Electronics (up 3.76%), and Adani Enterprises (up 2.76%).
On the losing side were Eternal (down 2.47%), SBI Life Insurance Company (down 1.48%), and Titan Company (down 1.40%).
Among the sectors, the Nifty Media and PSU Bank indices recorded gains of 2.39% and 2.34%, respectively, while the Pharma, Metal, healthcare, and FMCG indices jumped over 1% each.
Nifty Bank jumped 0.68%, while the Financial Services index rose by 0.69%.
Among banks, shares of Canara Bank, Bank of Baroda, and State Bank of India gained nearly 2% each.
Kotak Mahindra Bank, Axis Bank, and Punjab National Bank (PNB) shares gained nearly 1% each.
Over 260 stocks touched their 52-week lows, while as many as 69 stocks hit their 52-week highs on the BSE.
Those on lows included Aditya Birla Lifestyle Brands, Sapphire Foods, Devyani International, Kalyan Jeweller, Siemens Energy, Lodha Developers, Godrej Properties, Jubilant FoodWorks, Tejas Networks, Children’s Medicare, Syngene International, Aditya Birla Fashion, Brigade Enterprises, Concord Biotech, among others.
The key ones on highs were Federal Bank, SBI, and Vedanta.
Shares of Eternal Ltd surged more than 6% in early trade to Rs 301.65.
MCX gold price fell below Rs 1.5 lakh per 10 grams, while MCX silver price also declined 4% to slip below Rs 3.10 lakh per kg levels.
The Indian rupee ended higher at 91.62 per dollar against the previous close of 91.7.
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