The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Thursday following a largely rangebound trading session with volatility amid the expiry of June-series futures and options (F&O) contracts.
The S&P BSE Sensex ended at 34,842.10, down 26.88 points (0.08 per cent). During the day, the BSE benchmark 581.83 points.
The Nifty 50 slipped 16.40 points (0.16 per cent) to settle at 10,288.90. The 50-share benchmark hit a high of 10,361.80 and a low of 10,194.50 during the intraday trade.
Both the topline indices had opened around 1 per cent lower earlier in the day and swung between positive and negative territory before settling with minor losses.
Asian Paints, Infosys, HCL Technologies, Oil and Natural Gas Corporation (ONGC), Mahindra & Mahindra (M&M) and Tata Consultancy Services (TCS) were the top losers of the day, while ITC, Kotak Mahindra Bank, Bajaj Finance, Hindustan Unilever (HUL), ICICI Bank and Sun Pharmaceutical Industries were the top gainers on Thursday. (see heatmap below)
Among the sectoral indices on NSE, the Nifty IT index was the worst performer on Thursday slipping 1.17 per cent weighed by HCL Tech, Infy, TCS and Tech Mahindra.
On the other hand, the Nifty FMCG index was the best sectoral performer rising 2.12 per cent led by gains in ITC, Godrej Industries, Emami and HUL.
Here’s how the sectoral indices performed:
The broader market indices, however, outperformed their benchmark peers on Thursday. The S&P BSE MidCap index settled at 13,222.43, up 82.00 points (0.62 per cent), while the S&P BSE SmallCap ended at 12,606.14, up 95.37 points (0.76 per cent).
“Volumes on the NSE were slightly above average with Banks/NBFCs, Auto -2 wheelers and FMCG stocks doing well, while Metals, Oil 7 Gas, IT, Cement shares fell. Shares slipped in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the US climbed to their highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround,” Deepak Jasani, Head Retail Research at HDFC Securities, said in a statement after the market hours.
The rupee erased its initial losses and settled 7 paise higher at 75.65 (provisional) against the US dollar on Thursday tracking positive domestic equities and foreign fund inflows.
Forex traders said, the rupee traded in a narrow range as gains in domestic equities, easing crude oil prices and foreign fund inflows supported the market, while strong US dollar and rising coronavirus cases weighed on investor sentiments.
The rupee opened at 75.76 against the US dollar, but gathered strength and closed at 75.65, higher by 7 paise over its previous close. It had finished at 75.72 against the greenback on Wednesday. During the four-hour trading session, the domestic unit witnessed an intra-day high of 75.57 and a low of 75.76.
– Rupee input from PTI
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