The benchmark indices ended mildly within the optimistic on Thursday, making it 4 successive days of features, amid heightened volatility. The Sensex oscillated in a broad vary of 840 factors between an intra-day excessive of 50,375.77 and a low of 49,535.98 earlier than ending the session at 49,765.94, increased by 32.10 factors or 0.06 per cent and the Nifty swung 230 factors earlier than closing at 14,894.90, up 30.35 factors or 0.20 per cent. The BSE MIdcap and Smallcap indices additionally ended on a flat notice.
That is the longest successful streak for the markets since early-February as traders have seemingly chosen to look previous surging Covid-19 circumstances at house and deal with earnings experiences from blue-chip firms.
The indices had rallied by greater than 1 per cent at opening bell, with the BSE Sensex re-claiming the 50,000 mark and the NSE Nifty surpassing the 15,000 mark, buoyed by the agency international markets. Nevertheless they quickly surrendered their features and turned unstable attributable to promoting stress on the technically essential stage of 15,000 on the Nifty and the April sequence derivatives expiry. The Nifty Volatility index, which is the guage of volatility, spiked 4 per cent throughout the day.
In the meantime, the rupee rose by 29 paise to shut at 74.07 (provisional) in opposition to the US greenback on Thursday, extending features for the fourth straight session. On the interbank foreign exchange market, the rupee opened at 74.20 in opposition to the buck and witnessed an intra-day excessive of 73.94 and a low of 74.23.
Metallic shares continued their dream run on the again of firming steel costs globally. JSW Metal soared greater than 9 per cent at Rs 726, whereas Tata Metal gained 6 per cent to finish above the Rs 1000 mark and Hindalco added 2 per cent on the BSE.
Alternatively, the auto pack had a weak session of commerce, with Eicher Motors, Hero Motocorp and Bajaj Auto shedding round 2 per cent every on the BSE.
Among the many earnings candidates of the day, Hindustan Unilever pared its intra-day features and ended flat at Rs 2,409 on the BSE after the nation’s main fast-moving shopper items producer reported a 41 per cent leap in internet revenue at Rs 2,143 crore within the quarter ended March 2021, in comparison with Rs 1,519 crore in the identical quarter final yr.
Bajaj Auto shed 1.four per cent at Rs 3,834.25 after the nation’s main two-wheeler maker, Bajaj Auto, on Thursday reported consolidated internet revenue of Rs 1,551.28 crore in quarter ended March 2021, marking a rise of 14.57 per cent from Rs 1,353.99 crore in the identical quarter final yr.
The BSE market breadth was weak. Out of three,117 shares traded on the BSE, there have been 1,375 advancing shares as in opposition to 1,568 declines.