New Delhi: Equity benchmark indices closed with marginal gains on Thursday amid volatility during the last minutes of trading hours. The BSE Sensex closed at 61,319.51, a marginal gain of 44.42 points or 0.07 per cent. During the day, it gained 407.16 points, or 0.66 per cent, to 61,682.25. The NSE Nifty closed at 18,035.85, up 20 points or 0.11 per cent.
From Sensex firms, Tech Mahindra jumped 5.58 per cent, followed by Nestle, Tata Steel, NTPC, Tata Consultancy Services, Asian Paints, Wipro and Bajaj Finserv. ,Also read: SBI vs HDFC vs ICICI vs PNB vs BOB: Comparison of minimum balance and penalty charges in savings accounts,
Mahindra & Mahindra, Hindustan Unilever, Axis Bank and Bajaj Finance were among the major laggards. “The domestic market absorbed the rally in the global market led by IT stocks, while upstream oil companies benefited as a result of the windfall tax cut. (Read also: Lost a stray pet? Mumbai man develops tag with QR code to track street dogs,
Strong US retail sales numbers showed evidence of resilience in the US economy amid concerns over higher inflation numbers, following strong jobs data. However, gains were limited on concerns that a strong economy would attract a tighter monetary policy,” said Vinod Nair, head of research at Geojit Financial Services.
According to an official order, the government has reduced the windfall profit tax on exports of diesel and ATF to the lowest level, as well as reduced the levy on domestically produced crude oil in line with softening international oil prices. Is.
According to exchange data, foreign portfolio investors (FPIs) were net buyers as they bought shares worth Rs 432.15 crore on Wednesday. In Asian markets, Japan, South Korea and Hong Kong closed with gains, while China closed down.
European markets were trading in the green. US markets closed in positive territory on Wednesday. International oil benchmark Brent crude fell 0.35 per cent to $85.08 per barrel.