Sensex, Nifty Extend Losing Run To 7th Aay; Pharma, Financials Stocks Shine – News18
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Benchmark equity indices BSE Sensex and Nifty50 opened with modest gains on Thursday, amid mixed global cues.
Stock Market Updates
Sensex Today: Benchmark Indian equity indices reversed early gains and closed Thursday’s trading session flat. The 30-share Sensex finished at 76,138.97, down by 32.11 points or 0.04% from its previous close, trading within a range of 76,764.53 to 76,013.43.
The NSE Nifty50 ended lower by 13.85 points or 0.06%, settling at 23,031.40. The index touched an intraday high of 23,235.50 and a low of 22,992.20.
Out of the 50 Nifty50 constituent stocks, 27 closed in the red, with Adani Enterprises, Adani Ports, Hero MotoCorp, Infosys, and Larsen & Toubro leading the losses, shedding up to 4.93%. On the other hand, Sun Pharma, Bajaj FinServ, Tata Steel, Bajaj Finance, and Cipla were the top gainers, rising by up to 3.12%.
On the NSE, 112 stocks hit the upper circuit, while 100 stocks touched their lower limits.
Among broader markets, the Nifty Midcap 100 index gained 0.25%, while the Nifty Smallcap 100 index fell by 0.37%.
Sectoral indices showed a mixed performance, with Nifty financial services, pharma, metal, healthcare, private banks, and realty indices gaining up to 1.47%. In contrast, sectors like Auto, IT, FMCG, PSU Bank, OMCs, and consumer durables ended in the red, losing up to 1%.
Global Cues
US and European stock futures rallied on Thursday on optimism over prospects of a peace deal between Ukraine and Russia, offsetting a jump in Treasury yields as hot inflation threatens to close the door to any policy easing in the U.S. this year.
Global trade war fears persisted as U.S. President Donald Trump said he would impose reciprocal tariffs as soon as Wednesday evening on every country that charges duties on U.S. imports. Gold prices hovered not far from their record highs.
The Japanese yen was the biggest loser in the face of higher U.S. yields, while the euro has been helped by Trump’s phone calls with Russian President Vladimir Putin and Ukraine’s Volodymyr Zelenskiy, raising hopes that the years-long war could be nearing an end.
Oil prices dropped, having been down more than 2% overnight. Wall Street staged a late rally to end the day mixed.
