After turning choppy, the domestic stock markets–Sensex and Nifty–ended mildly higher on Thursday afternoon. Sensex ended 52.79 points higher at 36,374.08, while the Nifty closed 0.14% up at 10,905.20. Jet Airways closed 4% higher at Rs 282.10 on BSE, after State Bank of India said lenders are considering a resolution plan for Jet Airways to ensure long-term viability of the debt-laden company. Axis Bank shares closed 1.86% higher at Rs 676, to emerge as the biggest gainer in the Sensex.
Asian share markets faltered on Thursday as unease over China’s economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment’s peace. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent in thin trade, while E-Mini futures for the S&P 500 slipped 0.3 percent, Reuters reported.
Back home, Mukesh Ambani-led Reliance Industries will assume focus, ahead of its Q3 results scheduled to be reported after market hours today. Analysts expect some pressure on refining margins on a sequential basis, CNBC TV18 reported. Nomura expects revenue of Reliance Retail to double to 37,000 crore in the third quarter.