Stock markets in choppy waters, L&T drags Sensex to close lower
The Hindu
Hindustan Unilever, NTPC, IndusInd Bank, UltraTech Cement and Maruti were the gainers.
Benchmark indices Sensex and Nifty pared early gains to close marginally lower in highly volatile trade on Thursday due to losses in Larsen & Toubro and cautious trading ahead of the release of domestic inflation data.
The 30-share BSE Sensex declined 35.68 points or 0.06% to settle at 61,904.52 after hitting the crucial 62,000 mark in opening deals. During the day, it hit a low of 61,823.07 and a high of 62,168.22.
The NSE Nifty dipped 18.10 points or 0.10% to end at 18,297.
Among the Sensex firms, Larsen & Toubro tumbled over 5% after the firm said its Non-Executive Chairman A.M. Naik has decided to step down from the post.
ITC, Bharti Airtel, Reliance Industries, Infosys, Tata Steel, Tech Mahindra and Tata Consultancy Services were the other laggards.
However, Asian Paints rose the most by 3.22% after it posted a 43.97% growth in consolidated net profit to ₹1,258.41 crore for the fourth quarter.
Hindustan Unilever, NTPC, IndusInd Bank, UltraTech Cement and Maruti were the gainers.
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