MUMBAI:

After a day of trading in the negative, domestic indices NSE Nifty 50 and BSE Sensex trimmed their losses to end the session with mild gains. Nifty added 17.8 points to settle at 18,314.8, while Sensex closed at 62,027.9, higher by 123.4 points. Nifty gained over 100 points from the day’s low and Sensex added about 500 points from its intraday low to end in the green.

The broader markets were laggards, as Nifty Midcap 50 ended 0.5% down while Nifty Smallcap 50 lost 0.78%. Volatility gauge, India VIX sank 3.1%. Certain sectoral indices outperformed. Bank Nifty gained 0.8% by close, while Nifty Auto, Nifty PSU Bank, Nifty Consumer Durables all closed in the positive territory. Nifty Metal, however, crashed 1.8%; Nifty Media was lower by 1.08% and Nifty IT settled lower by 0.3%.

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MUMBAI:

After remaining range bound on the weekly expiry day on May 11, benchmark indices settled nearly flat even as the US inflation worries reduced. Though, some buying was seen in the broader market.

The majority of sectors traded in sync with the benchmark and ended flat, however, selective buying in banking, financials and FMCG kept the traders busy.

The Nifty 50 index declined 0.1 percent or 18.10 points to 18,297. BSE flagship Sensex dropped 35.68 points or 0.06 percent to 61,904.52.

Shares of Larsen & Toubro on Thursday tumbled over 5 per cent after the company said its non-executive chairman A M Naik has decided to step down from the post and will become the chairman emeritus. The stock fell 5.29 per cent to settle at Rs 2,241.65 on the BSE. During the day, it tanked 5.42 per cent to Rs.2,238.45. At the NSE, it tumbled 5.09 per cent to end at Rs.2,244.

The company’s market valuation declined by Rs.17,582.57 crore to Rs.3,15,059.92 crore.

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There was no gain in the Mumbai stock market on June 25. Sensex lost 25 points and Nifty 16 points on the day. Even though there were gains in the morning, the fluctuations during the day was strong. The Sensex rose to 35,081.61, but it closed at 34,842.10. Nifty closed at 10,288.90 points.
Of the 50 Nifty index stocks only 16 made some profit on the day. ITC, Bajaj Finance, Kotak Mahindra and Gail were the five Nifty stocks that registered huge gains. ITC gained over 5 per cent.
The shares of Bajaj Finance jumped over 60 per cent in the past one month and the stocks are selling in the range of Rs.3,000 now.
Asians Paints, Hindalco, Indian Oil Corporation, Eicher Motors and HCL Tech are the five Nifty stocks that had registered the highest loses. Asians paints ended the trade at 5 per cent loss.
Banking shares saw huge losses on June 25. The Nifty private bank index saw 4 per cent loss. Pharma stocks too had selling pressure during the day.

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