Bears took over the D-street on Thursday during the second half of the trading session as geopolitical uncertainty and weekly F&O expiry kept investors on the sidelines. After starting over 450 points higher, the S&P BSE Sensex turned volatile and eventually closed the session in the red. The index was last seen at 55,103, down 366 points or 0.66 per cent. On the NSE, the Nifty50 index touched an intra-day high and low of 16,769 and 16,463, respectively, amid heightened choppiness. It shut shop at 16,498, down 108 points or 0.65 per cent.
ONGC, Power Grid, UPL, Wipro, Tech M, HCL Tech, and Coal India were the top gainers on the Nifty index today, rising between 2 per cent and 4.6 per cent. On the downside, Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent.
The broader markets, however, ended mixed with the BSE MidCap index settling 0.64 per cent down. The BSE SmallCap index, on the other hand, added 0.35 per cent.
Among sectors, auto, capital goods and bank fell 1-2 percent, while FMCG and realty indices down 0.5 per cent each. However, metal, IT, oil & gas, power indices rose 1-2 percent. BSE midcap index shed 0.6 per cent and smallcap index rose 0.35 per cent.
Among individual stocks, the shares of Vodafone Idea (Vi) surged 7.5 per cent to Rs 11.23 on the BSE in Thursday’s intra-day trade ahead of the board meeting today to consider fund raising. The stock of telecom services provider quoted higher for the fourth straight day, and has rallied 16 per cent during the period.
That apart, shares of Adani Green Energy gained 6 per cent to Rs 1,995.95 on the BSE in Thursday’s intra-day trade, soaring 9 per cent in the past two trading days, after the company announced that its arm has received Letter of Award (LOA) to set-up 150 MW solar power project.
Meanwhile, Agro-chemicals major UPL Ltd on Thursday said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 1.75 crore.
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