- Benchmark indices Sensex and Nifty50 edged up in morning trade on Thursday despite mixed cues in global markets.
- The gains in morning trade were led by banking and metal stocks, while FMCG and IT stocks were flat.
- SGX Nifty, an early indicator of how the markets may perform, was up 0.25% or 44 points early in the morning today.
Benchmark indices Sensex and Nifty50 edged up in morning trade on Thursday despite mixed cues in global markets. The gains in morning trade were led by banking and metal stocks, while FMCG and IT stocks were flat.
While the 30-stock Sensex was up 0.14% or 84 points to 59,651, the 50-stock Nifty50 was up 0.07% or 13 points to 17,631. Adani Ports, L&T and Titan Company were amongst the top gainers.
Top gainers and losers on Nifty50| Top gainers | Change | Top losers | Change |
| Adani Ports & SEZ | 2.60% | Divi's Laboratories | -3.68% |
| L&T | 1.23% | Eicher Motors | 1.05% |
| Titan Company | 1.20% | Apollo Hospitals | 0.98% |
| NTPC | 1.17% | Dr. Reddy's Laboratories | 0.74% |
| Power Grid Corp. | 0.96% | Cipla | 0.68% |
Earlier on Wednesday, markets extended their losing streak for the third consecutive day, with both Sensex and Nifty50 losing over 0.2% due to selling in IT and banking stocks.
Gold and crude oil prices continued to simmer down – while gold prices fell 0.32% to ₹60,296 per 10 grams, Brent crude oil price fell 0.81% to $82.45 per barrel.
Global markets mixed
Investor sentiments in markets globally were mixed, reflecting in sideways movement in both the US as well as Asian markets. In the US, Dow Jones fell 0.23% while S&P 500 and Nasdaq were flat.
Asian markets showed similar trends on Thursday morning, with Nikkei 225 up 0.09% while Hang Seng was flat. Shanghai Composite fell 0.68%, while KOSPI fell 0.39% and Taiwan Weighted was down 0.19%.
Stocks to watch
Tata Motors: The automaker’s subsidiary Jaguar Land Rover will invest 15 billion pounds over the next five years in electric vehicles.
Tata Communications: The company has reported a 10.7% on year decline in consolidated profit at ₹326 crore for March quarter while revenue grew by 7.2% on year to ₹4,569 crore.
UltraTech Cement: The cement maker has announced it has commissioned 2.2 million tonnes per annum brownfield expansion at its grinding unit at Patliputra, Bihar. With this, the units grinding capacity has increased to 4.7 mtpa.
Titan: With rising gold prices, Titan’s jewellery arm Tanishq has planned to reinstate its advanced booking option allowing buyers to lock in the price of the yellow metal ahead of Akshaya Tritiya on April 22.
Adani Ports & SEZ: The company’s board will meet on April 22 to consider a partial buyback of its certain debt securities effective this financial year.
Earnings today: HCL Technologies, ICICI Prudential Life Insurance, Cyient, Sterling and Wilson Renewable Energy, Reliance Industrial Infrastructure, Oriental Hotels are among companies to release their March quarter earnings today.
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