Indian Equities settled slightly higher on Thursday - Microsec

Indian equities settled slightly higher on Thursday as investors were cautious ahead of Infosys earnings and IIP data, which will be released tomorrow. Auto and metal stocks closed up while banking stocks witnessed fall.

Nifty closed at 6020.95 up by 13.50 points or 0.22% over the previous day closing of 6007.45 after witnessing a low of 5979.80 and a high of 6033.95.Sensex closed at 20272.91 up by 23.65 points or 0.12% over the previous day closing of 20249.26.It touched an intraday low of 20135.91 and high of 20323.77.

The markets' breadth was mixed. Out of 2590 stocks traded 1420 stocks advanced, 1018 stocks declined and 152 stocks remained unchanged. In Sensex, Out of 30 stocks 14 stocks advanced and 16 stocks declined.

Among the sectors, BSE Auto, BSE Metal and BSE IT were the main gainers of the day which increased by 1.94%, 0.49% and 0.44% respectively.

In BSE Auto sector Tata Motors, Ashok Leyland and M&M increased by 5.00%,4.43% and 1.83% respectively. In BSE Metal sector NMDC, SAIL, and Tata Steel advanced by 2.99% 1.82% and 1.68% respectively. In BSE IT sector Mindtree, Mphasis and Financial Tec increased by 6.45% 3.04% and 2.89% respectively.

Source : Equity Bulls

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