Indian equity benchmarks BSE Sensex and NSE 50 ended Thursday's session near day's low. While broader market indices outperformed. Nifty Midcap 100 and Smallcap 100 ended around one percent higher.

Share Market Live

NSE

Nifty closed at 18,036 meanwhile BSE Sensex ended at 61,320 or 44 points higher than its previous close. Midcaps outperformed with the Midcap index gaining 216 points to 30,887.

In terms of sectoral indices Nifty Auto and Nifty Bank underperformed while Nifty IT ended the trade over one percent higher. All sectoral indices, barring Nifty Auto, Nifty Bank, Nifty Financial Services and Nifty PSU Bank ended in green. 25 constituents in the Nifty 50 basket ended with gains.

IT Sector mirrored NASDAQ move with Nifty IT gaining nearly 2 percent.

ONGC and Tech Mahindra, which ended over five percent higher, were the top Nifty gainers.

BPCL, which declined over one percent, was the top Nifty 50 loser.

Meanwhile shares of Apollo Hospitals witnessed a buying trend. The management told CNBC-TV18 yesterday that the Apollo Healthco business will do better going forward and that stake sale plans are on - but not imminent

Nestle India gained more than three percent after an in-line set of earnings for the third quarter. Additionally most Adani Group stocks moved higher as MSCI postponed weightage revision. Defence Stocks closed with heavy gains on order inflows,.

Global market

There was a bit of regional influence – with other Asian markets also giving up bulk of the early gains. Hang Seng, for example, gave up 1.5 percent from the day’s high. The big debate globally over the last few days, has been if US equities are ignoring the very strong recent data, which would mean more Fed hawkishness.

Locally, with the Q3 results reason behind us, many are looking at full year earnings for FY’23 and FY’24 being brought lower.

Further now all eyes will be on the US session, where equities and the Nasdaq especially have been doing well, even as yields have been moving up aggressively.

Also read: Share Market LIVE Updates: Sensex and Nifty 50 near day’s low, BPCL top laggard

First Published:Feb 16, 2023 3:30 PM IST