Sensex and Nifty traded in a narrow range and closed Thursday’s trade on a muted note as heavy selling pressure in most IT, pharma and FMCG stocks wiped most gains of the headline indices. On the contrary, the mid-cap and small-cap indices outperformed the benchmark indices. Yes Bank was the top gainer on the domestic bourses today, surging over 9% intra-day.
The BSE Sensex closed Thursday’s trade 10.08 points, or 0.03% lower at 34,431.97 points. However, the BSE markegt breadth remained bullish, with 1,613 advances and 988 declines. Infosys was the top contributor to the fall of the Sensex, wiping off nearly 76 points, followed by ITC, Reliance Industries, HDFC, ICICI Bank and Kotak Bank. Yes Bank shares closed 8.35% on the BSE.
The NSE Nifty ended at 10,380.45 points, down 6.15 points or 0.06% led by selling pressure in HCL Tech, Tech Mahindra, Dr. Reddy’s Lab, Infosys and Cipla among other stocks. The Nifty Bank index closed 0.68% higher led by gains in Yes Bank, Axis Bank, IndusInd Bank, SBI and IDFC Bank.