The key domestic indices ended marginally higher. Nifty PSU Bank, Nifty Pharma and Nifty Bank shares gained, while Nifty IT and Nifty Metal shares fell.

As per provisional closing data, the barometer index, the S&P BSE Sensex, inched up 107.25 points or 0.13% to 81,106.65. The Nifty 50 index moved higher by 58.25 points or 0.23% to 25,044.65. In the past three trading sessions, the Nifty and Sensex advanced by 2.07% and 2.27%, respectively.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index edged higher by 0.28% and the BSE 250 SmallCap Index posted modest losses of 0.15%.

The market breadth was negative. On the BSE, 2398 shares rose and 2893 shares declined. A total of 254 shares were unchanged.

HDFC Bank Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 648.27 lakh shares and recorded a sharp spurt of 49.03% compared to last one-week’s average daily volume. The stock has risen sharply by around 13.27% in last one-month and has plunged 20.36% over last one year.

Tata Steel Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 499.05 lakh shares and registered a sharp increase of 102.90% compared to last one-week’s average daily volume. The stock has jumped by around 10.61% in last one-month and has surged 4.80% over last one year.

9 stocks in NSE500 index hit record high today.

Index action

The Nifty PSU Bank index advanced sharply by 3.73% to 8905.35 today. The index has surged by 2.85% in last one week and has advanced 7.37% over last one month. It edged up by 2.93% in last one year. Union Bank of India (up 5.60%), Punjab National Bank (up 5.27%), Bank of India (up 4.53%), Bank of Baroda (up 4.46%) and Indian Bank (up 4.35%) went up.

The Nifty Pharma index climbed by 1.65% to 28896.1 today. The index has jumped by 4.88% in last one week and has posted strong gains of 10.09% over last one month. It soared by 27.02% in last one year. Gland Pharma Ltd (up 5.41%), Sai Life Sciences Ltd (up 5.32%), Divis Laboratories Ltd (up 4.22%), Laurus Labs Ltd (up 3.54%) and Mankind Pharma Ltd (up 3.31%) gained.

The Nifty IT index moved lower by 1.22% to 32468.95 today. The index is slightly higher by 1.32% in last one week and has rallied 18.51% over last one month. It has slipped by 7.90% in last one year. Mphasis Ltd (down 2.73%), HCL Technologies Ltd (down 2.43%), Infosys Ltd (down 1.49%), Tech Mahindra Ltd (down 1.36%) and Coforge Ltd (down 1.21%) dropped.

The Nifty Metal index edged lower by 0.46% to 12664.65 today. The index has soared by 4.61% in last one week and has climbed 7.19% over last one month. It has rallied by 21.35% in last one year. Tata Steel Ltd (down 2.81%), Jindal Stainless Ltd (down 1.95%), Steel Authority of India Ltd (down 0.94%), Adani Enterprises Ltd (down 0.90%) and Jindal Steel Ltd (down 0.78%) moved down.

The Nifty Pharma index rose for a third session in a row today. Gland Pharma Ltd (up 5.41%), Sai Life Sciences Ltd (up 5.32%), Divis Laboratories Ltd (up 4.22%), Laurus Labs Ltd (up 3.54%) and Mankind Pharma Ltd (up 3.31%) traded higher.

Global Markets

European markets posted a modest rise.

DOW futures are edging higher by 0.92% today.

MCX Crude oil futures are significantly lower by 3.37% at Rs 8555.0 per barrel.

NIFTY50 futures remained flat at 25028 and are in a discount of 17 points compared to NIFTY50.