The two key equity benchmarks, Sensex and Nifty, on Thursday gained marginally higher amid volatile trade, as traders prepare for the monthly F&O expiry.
At 9.50 am, the S&P BSE Sensex was trading at 60,416, up 115 points. On the other hand, the NSE Nifty was trading at 17,841, up 27 points.
On the 30-share Sensex platform, Bajaj twins, Kotak Bank, ITC, Tata Motors, Nestle, Reliance were among the winners in early trade. On the flip side, PowerGrid, TCS, Sun Pharma, HUL, Wipro, Asian Paints were the laggards.
Among specific stocks, shares of Bajaj Finance gained 2.45 per cent. The company’s consolidated net profit rose 30 per cent YoY to Rs 3,158 crore in Q4FY23, on the back of higher net interest income (NII). The board recommended dividend payout of Rs 30 per share. Shares of Indus Towers advanced 3.5 per cent even as Indus Towers’ fiscal fourth-quarter net profit fell 23 per cent on year as the telecom infrastructure provider continued to provide towards doubtful dues from its largest customer, Vodafone Idea.
In the broader markets, the BSE Midcap index was flat and Smallcap index added 0.24 per cent.
Sectorwise, the Nifty PSU Bank, Private Bank, and Realty indices added 0.3 per cent each. On the downside, the Nifty Media index dipped 0.2 per cent.
In the previous session on Thursday, the S&P BSE Sensex closed 170 points higher at 60,301. On the other hand, the Nifty50 shut shop at 17,814, up 44 points.