Sensex Today: Benchmark indices stayed within a narrow range for most part of the trading session Thursday before swining wildly in the fag-end. The weekly F&O expiry, and nervousness ahead of Infosy, and TCS results, along with the US inflation data later today added to the volality during the last hour.
The S&P BSE Sensex ended at 71,721, up 63 points, or 0.09 per cent. It gyrated from 71,543 to 71,999 during the day.
The Nifty50, on the other hand, settled at 21,647, up 29 points or 0.13 per cent.
Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid, IndusInd Bank, TCS, Tech M, and Tata Steel on the Sensex.
On the downside, HUL fell 1.5 per cent, followed by Wipro, L&T, Sun Pharma. JSW Steel, Nestle India, Titan, HDFC Bank, ICICI Bank, and HCL Tech.
The broader markets, however, outperformed the frontline indices with the BSE MidCap and SmallCap indices rising in the range of 0.67 per cent to 0.8 per cent.
Among sectors, the Nifty Auto index added 1 per cent, and the Nifty PSU Bank index 0.64 per cent. On the contrary, the Nifty FMCG, and IT indices fell 0.2 per cent each.
Global Cues
Meanwhile, in Asia, Japan’s Nikkei soared 1.9 per cent to hit fresh 34-year high as investors bet on a delay in the Bank of Japan’s plans to end its ultra-loose policies. Elsewhere, Hang Seng rallied 1.6 per cent. Straits Times, Kospi, Shanghai and Taiwan were up around 0.5 per cent each.
Overnight, the US market ended with gains up to 0.8 per cent ahead of inflation data on Thursday followed by major bank earnings later this weeek. Federal Reserve Bank of New York President John Williams on Wednesday said it is still too soon to call for rate cuts.
Meanwhile, the US Securities and Exchange Commission approved the first US-listed exchange traded funds (ETFs) to track bitcoin.
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