The top gainers from the Sensex pack included NTPC, ITC, Hindustan Unilever, Nestle, HCL Technologies, Mahindra & Mahindra, Titan, Larsen & Toubro, State Bank of India, and Asian Paints.
Mumbai: Following a decline the day before amid a strong trend in the global markets, equity benchmarks rose in early trade on Thursday, but later experienced periods of turbulence.
In the first round of trading, the 30-share BSE Sensex increased 209.39 points to 60,866.84. The NSE Nifty index as a whole increased by 59 points to 18,101.95.
Later on, though, both benchmarks became jerky.
The Nifty traded 5.20 points higher at 18,048.15, while the Sensex traded 34.37 points lower at 60,623.08.
The top gainers from the Sensex pack included NTPC, ITC, Hindustan Unilever, Nestle, HCL Technologies, Mahindra & Mahindra, Titan, Larsen & Toubro, State Bank of India, and Asian Paints.
The laggards were Bajaj Finance, Bajaj Finserv, Power Grid, HDFC Bank, ICICI Bank, and IndusInd Bank.
Equity markets in Seoul, Tokyo, Shanghai, and Hong Kong were all trading in positive territory.
On Wednesday, markets in the US finished in the green.
The Fed minutes contained a decidedly hawkish message, saying that a “restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2%.”
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “US markets closed in the positive territory despite these hawkish minutes because the markets foresee a gentle landing for the US economy since the economy continues to be resilient.”
The BSE benchmark dropped 636.75 points, or 1.04 percent, on Wednesday to close at 60,657.45. The Nifty fell 189.60 points, or 1.04 percent, to finish at 18,042.95.
Benchmark Brent crude for international oil prices increased 1.03 percent to USD 78.64 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold shares on Wednesday totaling 2,620.89 crore.