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HUL, Tata Steel, Grasim Industries, JSW Steel and SBI were among the top Nifty gainers. On the other hand, Coal India, Tech Mahindra, Dr Reddy’s Labs, ONGC and TCS were the biggest losers.
All the setoral indices ended in the green with auto, metal, FMCG, power, capital goods, PSU Bank and realty indices added 1-2 per cent. BSE Smallcap and Midcap indices rose 1 per cent each.
Among individual shares, shares of Coforge dipped 7 per cent to Rs 4,241 on the BSE in Thursday’s intra-day trade after 10 per cent of the total equity of the information technology (IT) consulting & software company changed hands on the BSE.
On the flip side, shares of Entertainment Network (India) soared 14 per cent to Rs 214.75 on the BSE in Thursday’s intra-day trade on the back of heavy volumes. The stock of the company, which operates India’s FM radio channel Radio Mirchi, traded close to its 52-week high of Rs 226.95 hit on August 2, 2021.
Overall, over 2,400 stocks settled in the positive territory today as against less than 1,000 stocks that ended in the red. The volatility gauge, India VIX, also dropped 7 per cent.
The markets have posted sharp gains in the last two sessions as talks emerged of the de-escalation of the Russia-Ukraine war. Ukrainian leadership has said it does not want to align with NATO anymore, while Russia said that it is not looking to de-throw the government in Ukraine. The foreign ministers of the two countries are set to meet today.
Read all minute-by-minute news updates for Uttar Pradesh election results 2022, Punjab election results 2022, Uttarakhand election results 2022, Manipur election results 2022, and Goa election results 2022.
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