Stock Market Erases Loss: Sensex Gains 100 Points; Nifty At 19,700. Bajaj Finance Sheds 2%
The two key equity benchmarks, Sensex and Nifty, on Thursday recouped their losses after opening lower tracking weak sentiment. The domestic indices are now trading marginally higher. At 9.46 am, the BSE Sensex rose 108 points to 65,783. On the other hand, the NSE Nifty50 was trading at 19,698, up 23 points.
On the 30-share Sensex platform, NTPC, TCS, HCL, Tata Motors, Sun Pharma, ITC were trading in the green. On the downside, PowerGrid, Bajaj Finance, JSW Steel, Titan, Bajaj Finserv, Tata Steel emerged losers. Among specific stocks, TCS rose nearly 1 per cent on fixing buyback issue price at Rs 4,150, a premium of 22 per cent from last close. Bajaj Finance sank 1.5 per cent after the RBI barred the firm from two digital lending products; Insta EMI and eCOM.
In the broader markets, the BSE Midcap and Smallcap indices gained up to 0.31 per cent.
Sectorally, Nifty oil & gas gained 0.5 per cent. Metals and Financial indices went down by 0.6 per cent.
In the previous session on Wednesday, the Sensex zoomed 742 points to end at 65,676, while the NSE Nifty50 closed at 19,675, up 232 points.