Indian Stock Markets close marginally higher
Indian Stocks markets stayed in positive zone on Thursday. Markets are waiting for next trigger and are range-bound.
The benchmark indices closed the session on a flat note after remaining volatile throughout the day. The Sensex closed the day at 10,803 up 0.57% or 62 points after swinging in the range of 10,655 - 10,932. The NSE Nifty shut almost flat at 3,342 down just 0.03% or 0.9 points after trading in the range of 3,307 - 3,399. Among broader indices, BSE Midcap Index was up 1.6% or 55 points and Small Cap Index was up 1.6% or 61 points. Buying was seen in banking, realty and metal stocks.
Inflation for the week-ended March 28 has come in at 0.26% as against 0.31% a week earlier. The Index of Industrial Production for February has come in at a negative 1.2% as against negative 0.5% M-M.
On a weekly basis, Sensex up 4.4% & Nifty up 4%. And in the mid-cap space, Nifty Junior up 6.5%, CNX Midcap Index up 3.5% and BSE Small Cap Index up 9.5%.
Movers & Shakers
The Realty Index rose 104 points or 5.4% to settle at 2,041. Puravankara Projects gained 20%. Indiabulls Real, Unitech HDIL and DLF were up 2-8%.
The Metal Index surged 243 points or 3.725, to close at 6,801. JSW Steel jumped 13.5%. Tata Steel, Sesa Goa, Jindal Steel, Jindal Saw, Sterlite went up 3-7%.
In the banking sector, the index went up 2.6% or 130 points at 5,045. Stocks like ICICI Bank shot up 5.6%. SBI and PNB were up 1% each.
The BSE Capital Goods Index was up 95 points or 1.31% to 7,371. L&T, Siemens and ABB gained 1.5%-3% while BHEL and Punj Lloyd fell by almost 1% each.
In the oil & gas space Reliance Industries and Reliance Petroleum went up by 0.6% each while ONGC and Cairn India declined over 2%.
Among the Sensex pack, Jaiprakash Associates, Reliance Infrastructure and Bharti Airtel rose by 4-8%.
Among the top losers were HindLever, Mah & Mah and Wipro down 3% each.