Indian shares ended largely steady on Wednesday, with the benchmark BSE index inching higher to a record close, as investor sentiment stayed positive on bullish global cues. The BSE index closed 0.09 percent higher at 36,858.23, a record close. The index hit an all-time intraday high of 36,947.18 in the session.
The broader NSE index closed 0.02 percent lower at 11,132.0, its first fall in four sessions. Housing Development Finance Corp ended 1.3 percent higher, while NTPC Ltd ended 4.1 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent.
Adani Ports and Special Economic Zone Ltd was among the top gainers on both indexes after conglomerate Adani Group said on Tuesday its coal mining volumes are expected to touch 80 million tonnes by the end of March 2021.
Adani Enterprises Ltd was up 6.6 percent. Financial stocks also climbed with HDFC Ltd up 1.2 percent after the company said it would consider raising of external commercial borrowings up to $1.5 billion. Among the gainers, ICICI Prudential Life Insurance rose 6.70 percent after brokerages forecast the insurer's margins would expand in the following quarters.
Asian Paints Ltd hit a record of 1,490.60 rupees after reporting a 31 percent growth in Q1 profit on Tuesday. Bharti Airtel was the biggest drag on the indexes after rival Idea Cellular Ltd paid the department of telecommunications on Tuesday, clearing the way for its merger with Vodafone's Indian unit.
Comments
Comments are closed.