Sensex and Nifty: BSE 500 equities such as Godrej Consumer Products, Infibeam, Data Patterns, and Dixon rose 9.18%. Paytm, Gravita, KIOCL, and CE Info Systems, on the other hand, had up to 20% losses.
In short
- Eicher Motors was the best-performing stock in the Nifty group, rising 2.76 percent.
- M&M, Maruti, BPCL, and Cipla all had gains of up to 2.26%.
- In contrast, the top losses on the Nifty50 were Grasim Industries, L&T, JSW Steel, LTIMindtree, and ICICI Bank.
In the early trading on Thursday, ahead of the Budget 2024 presentation, Indian equities benchmarks saw a small increase in price. The FMCG and auto stocks had the biggest advances in today’s domestic indices. The 30-share NSE Nifty was up 28 points, or 0.13 percent, to trade at 21,753, while the 30-share BSE Sensex increased 86 points, or 0.12 percent, to trade at 71,838, as well. Larger markets (mid-and small-cap stocks) saw mixed results, with small-cap stocks rising 0.21 percent and Nifty Midcap 100 shares down 0.23 percent.
BSE 500 equities including Godrej Consumer Products, Infibeam Avenues, Data Patterns, and Dixon rose by 9.18%. Paytm, Gravita, KIOCL, and CE Info Systems, on the other hand, suffered up to 20% losses. On the global front, Asian markets were down after the US Federal Reserve held interest rates constant but signaled that rate reduction would not be acceptable until inflation cooled further. Back home, foreign institutional investors (FIIs) acquired Rs 1,660.72 crore in net shares during the previous session, while domestic institutional investors (DIIs) purchased Rs 2,542.93 crore in shares, according to exchange data.
Six of the 15 sector indices collected by the NSE were trading higher. The Nifty Auto and Nifty FMCG sub-indices outperformed the NSE platform, increasing by up to 0.82 percent and 0.48 percent, respectively. Nifty Consumer Durables fell 0.53%. Regarding individual stocks, Eicher Motors surged 2.76 percent to trade at Rs 3,945.55, making it the highest gainer in the Nifty pack. Cipla, M&M, Maruti, and BPCL all increased to 2.26 percent. On the other hand, the top losers on Nifty50 included ICICI Bank, L&T, JSW Steel, Grasim Industries, and Lindtree.
As 1,746 equities on the BSE were rising and 1,283 were falling, the overall market breadth was robust.
TCS, Maruti, M&M, ITC, Infosys, PowerGrid, NTPC, and HUL were some of the top gainers on the 30-share BSE index.
