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Sensex ends flat; Adani Power jumps 20 per cent, Suven Life Sciences locks in at upper circuit

Geyatee Deshpande
/ Categories: DSIJ Mindshare, DSIJ News
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Sensex ends flat; Adani Power jumps 20 per cent, Suven Life Sciences locks in at upper circuit

On Thursday, Sensex closed flat with a positive bias, gaining by a mere 0.03 per cent or 14.61 points to settle at 44,632.65 levels. Nifty ended at 13,133.90 levels, up by 0.15 per cent or 20.15 points.

The broader markets remained exciting for investors today but profit booking on Thursday pulled the markets down. On the other hand, PSU stocks were shining in today’s trading session. While large-cap stocks remained subdued, RBI curbs brought weakness in HDFC Bank.

In the global markets, Asian indices such as Hang Seng, Nikkei, and KOSPI gained by 0.74 per cent, 0.03 per cent, and 0.76 per cent, respectively whereas, Shanghai index closed down by 0.21 per cent.

In the European markets, DAX and CAC 40 were trading down by 0.49 per cent and 0.42 per cent, respectively, while FTSE 100 traded flat with a positive bias.

Gold prices rose on Thursday as the dollar dropped on the hopes that Coronavirus vaccines will be rolled out soon along with cautious investor optimism over a US stimulus deal.

Sensex gainers included Maruti Suzuki that went up by 7.45 per cent, ONGC jumped 4.54 per cent, Asian Paints surged 4.08 per cent, NTPC gained by 4.01 per cent, SBI strengthened by 3.87 per cent, Bajaj Finserv increased by 3.51 per cent, Tata Steel rose by 2.76 per cent, etc.

Sensex losers consisted of HDFC Bank that slumped 2.13 per cent, TCS plunged 1.48 per cent, Bajaj Auto went down by 1.31 per cent, Infosys declined by 1.27 per cent, Bharti Airtel fell by 1.02 per cent, Mahindra & Mahindra decreased by 1.01 per cent, etc.

Amongst sectoral indices on BSE, the Metal index was the biggest gainer, up by 2.53 per cent while, the IT index was the biggest loser, down by 0.65 per cent. BSE Oil & Gas index rose by 1.77 per cent and BSE Power index gained by 1.64 per cent.

In the broader markets, BSE Small-Cap index and BSE Mid-Cap index closed in green, up by 0.68 per cent and 0.85 per cent, respectively.

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