Indian stock markets traded on a lackluster note in the most part of the session on Thursday, mainly on account of profit-booking by investors in heavyweight stock such as Bharti Airtel, Reliance and so on.
The BSE Sensex closed 76 points lower at 40,575.17 with Hindustan Unilever, L& T, ICICI Bank & BajajAuto were among the top gainers on the index, while TataSteel, BhartiAirtel, and YesBank down 2.4 to 3.35% in range, as the top laggards.
On the NSE, the Nifty50 closed at 11968.40 down by 30.70 points with Zee Entertainment, Eicher Motors, Dr.Reddy Lab & Adani Ports were among top gainers. On the other hand, BPCL slipped 5.97% coal India and Tata steel lost 3.3% each.
Sectorally, the stocks were closed in mixed, with the majority of indices ended in the red. Nifty Media index outperformed, up 4.08%, followed by a minimum gain in Realty (up 0.55%) and Financial service (up 0.26%) for the day.
Media stock gained for the second successive day, today led by Zee Entertainment gaining 11.73%. To get updated stock Tips technical analysts our research team offers Free stock Tips visit our website.
Metal Stocks slipped the most, amid Tensions in Hong Kong have risen on hopes that a trade deal between the US & China will be delayed. As a result, the Nifty Metal index slipped at 2,470.45 down 2.16% on closing. Hindustan Copper slipped 6%, Sail down 4.62%, Coal India shed 3.37% and Tata Steel cracked 3.25% as major index losers.
Auto stocks also slipped with the Nifty Auto index reversing near 1%. Motherson Sumi, Maruti Suzuki, Tata Motors, Bharat Forge and Mahindra& Mahindra slipped in between 1 to 6.8% in range. The Nifty Pharma and FMCG also lost by 0.48 and 0.63%, respectively.