The markets traded flat on Thursday with the Bombay Stock Exchange Sensex closing 8.21 points down at 31,137.59, and the National Stock Exchange Nifty closing 5.15 points lower at 9,616.10. The indices were following cues from the results of the fourth quarter of the GDP growth rate.
India’s economy grew 6.1% from in the first quarter of 2017 – January to March – government data showed on Wednesday. China’s GDP, which grew 6.9% during the same time period, bumped India from the top spot in the list of the world’s fastest growing major economies.
The Sensex, which opened at 31,117.09 on Thursday, touched a high of 31,213 points during the intraday trade. Meanwhile, Nifty, which opened at 9,603.55, touched a low of 9,589 during the morning trade.
Among the sectoral indices on BSE, FMCG index performed the best going up 1.18%, followed by the healthcare sector (+1.17%), capital goods (+0.092%) and infrastructure (+0.67%). Adani ports was the star performer on both the bourses. The other top gainers on the 30-share index were Hindustan Unilever (+2.68%), L&T (+1.82%) and Sun Pharma (+1.42%). ICICI Bank was the major loser on the Sensex going down 1.92%, followed by ONGC (-1.81%) and GAIL (-1.77%).
Besides Adani, Infratel did well on Nifty going up by 2.84%, followed by HUL (+2.58%) and Tech Mahindra (+2.18%). Indian Oil Corporation did the worst on Nifty gong down 3.68%, followed by Vedanta Limited which went down 3.16% and ICICI Bank that went down more than 2%.
Limited-time offer: Big stories, small price. Keep independent media alive. Become a Scroll member today!
Our journalism is for everyone. But you can get special privileges by buying an annual Scroll Membership. Sign up today!