Indian equity benchmarks closed higher on Thursday, supported by strength in the Power, Public Sector Undertakings and Banking sectors.
On the National Stock Exchange, the Nifty 50 rose 0.34% to register a new one-month high. On the Bombay Stock Exchange, the Sensex 30 gained 0.33% by the close.
Top movers on the Nifty 50
- Adani Enterprises Ltd (NSE:ADEL) led gains, rising 2.78% or 82.20 points to finish at 3,034.10.
- Trent Ltd (NSE:TREN) added 2.51% or 77.80 points to close at 3,180.60.
- Bharat Electronics Ltd (NSE:BAJE) was up 1.99% or 8.35 points to 428.20.
Lagging names on the Nifty 50
- Infosys Ltd (NSE:INFY) declined 2.57% or 29.70 points to end at 1,128.00.
- Tata Consumer Products Ltd (NSE:TACN) fell 1.20% or 13.50 points to 1,111.00.
- Tech Mahindra Ltd (NSE:TEML) slipped 1.01% or 14.70 points to 1,447.70.
BSE Sensex 30 movers
- NTPC Ltd (BO:NTPC) rose 2.00% to 362.50.
- HDFC Bank Ltd (BO:HDBK) gained 1.80% to settle at 801.00.
- State Bank Of India (BO:SBI) added 1.54% to close at 1,041.75.
BSE laggards
- Infosys Ltd (BO:INFY) was down 2.64% to 1,127.50.
- Tech Mahindra Ltd (BO:TEML) lost 1.07% to 1,446.30.
- Maruti Suzuki India Ltd. (BO:MRTI) declined 1.04% to 13,490.00.
Market breadth and volatility
Rising stocks outnumbered decliners on the NSE by 1,455 to 1,074, while 54 issues finished unchanged. On the BSE, 2,219 stocks advanced, 1,745 declined and 173 were unchanged. The India VIX, which tracks implied volatility on Nifty 50 options, fell 3.51% to 12.73, marking a three-month low.
Commodities and FX
Commodities were softer in late trade. Gold futures for August delivery dropped 2.10% or $92.20 to $4,289.20 a troy ounce. In energy markets, crude oil for July delivery fell 2.42% or $1.86 to $74.93 a barrel, while the August Brent contract declined 1.86% or $1.48 to trade at $78.07 a barrel.
In foreign exchange, USD/INR eased 0.13% to 94.41 and EUR/INR fell 0.48% to 108.21. The US Dollar Index Futures was up 0.56% at 100.43.
Additional note on analytics and stock evaluation
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This report focuses on closing prices, sector drivers and market breadth as reported at the end of the trading session.