Business

Stock Markets Recover From Intraday Lows & Close Higher On Fag-End Buying

On Thursday, equity benchmark indices recovered from intraday lows to close in positive territory, aided by fag-end buying.

The 30-share BSE Sensex rose 98.84 points, or 0.16 percent, to close at 61,872.62 in a turbulent trade during the monthly futures expiry. It reached a peak of 61,934.01 and a low of 61,484.66 during the day.

After a shaky start, the NSE Nifty gained 35.75 points, or 0.20 percent, to close at 18,321.15.

Bharti Airtel, ITC, Kotak Mahindra Bank, Larsen & Toubro, Power Grid, Bajaj Finance, Infosys, Nestle, Asian Paints, and Mahindra & Mahindra were among the top gainers on the Sensex.

The largest laggards were Wipro, Tata Motors, IndusInd Bank, HDFC, Hindustan Unilever, State Bank of India, and Tata Steel.

Seoul, Shanghai, and Hong Kong finished lower in Asian markets, but Tokyo finished higher.

European equity markets were trading on a mixed note.

The US stock market finished lower on Wednesday.

Meanwhile, Brent crude, the global oil standard, fell 1.14 percent to USD 77.47 per barrel.

On Wednesday, the Sensex slid 208.01 points, or 0.34 percent, to close at 61,773.78. The Nifty fell 62.60 points, or 0.34 percent, to 18,285.40.

According to exchange data, foreign institutional investors (FIIs) were net purchasers on Wednesday, purchasing stocks worth Rs 1,185.84 crore.

Also read: Moscow To Close Swedish Consulate, Expel Five Diplomats

Spriha Rai

Recent Posts

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

8 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

8 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

8 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

8 hours ago

SC Slams Telangana CM Over Remarks On BRS MLAs’ Disqualification Case

The SC expressed displeasure over Telangana Chief Minister A Revanth Reddy’s remarks regarding the disqualification…

9 hours ago

Jamaat-e-Islami Hind (JIH) Opposes Waqf Bill; Calls It Legislative Discrimination

JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…

9 hours ago