Mkts pare early losses, end flat with positive bias
After a choppy start, domestic indices fell on profit-booking in 1st hour, but later gained ground owing to positive global sentiments; Nifty ends 0.66% higher in weekly F&O expiry
image for illustrative purpose
Gains for 3rd session on trot
- BSE Sensex ended 157.45 pts higher at 58,807.13
- NSE Nifty rose 47.10 pts to 17,516.85
- RIL, ITC and L&T, Asian Paints, M&M, Bajaj Finance and Infosys moved up
- BSE Capital Goods, FMCG, Energy, Telecom, Industrials and Oil and Gas indices moved up
- Bankex, Finance, Consumer Durables and Realty indices in the red
- Investors keenly awaiting the US inflation data
Mumbai: Equity indices mustered gains for the third session on the trot on Thursday. Energy, FMCG and infra counters witnessed buying amid a largely positive trend in global markets.
After a choppy start, the 30-share BSE Sensex gained momentum in afternoon trade to end 157.45 points or 0.27 per cent higher at 58,807.13. Similarly, the broader NSE Nifty climbed 47.10 points or 0.27 per cent to 17,516.85.
"Domestic indices surrendered to profit-booking in early session, but later gained ground owing to positive global sentiments. Investors are keenly awaiting the US inflation data in order to gauge the Fed's decision on rolling back economic stimulus," said Vinod Nair, head (research) at Geojit Financial Services.
Ajit Mishra, V-P (research), Religare Broking, adds: "Markets oscillated in a range on the weekly expiry day and finally ended marginally higher. All eyes will be on crucial macro data -CPI and IIP- which may further provide some direction to the markets. Meanwhile, the focus will remain on the global cues and updates regarding the new variant.
