AGL 5.27 Decreased By ▼ -0.13 (-2.41%)
ANL 8.75 Decreased By ▼ -0.04 (-0.46%)
AVN 76.62 Increased By ▲ 0.37 (0.49%)
BOP 5.22 Increased By ▲ 0.03 (0.58%)
CNERGY 4.44 Decreased By ▼ -0.04 (-0.89%)
EFERT 81.32 Increased By ▲ 0.22 (0.27%)
EPCL 49.39 Increased By ▲ 0.38 (0.78%)
FCCL 12.80 Increased By ▲ 0.10 (0.79%)
FFL 5.59 Decreased By ▼ -0.03 (-0.53%)
FLYNG 6.90 Decreased By ▼ -0.03 (-0.43%)
FNEL 4.67 Increased By ▲ 0.02 (0.43%)
GGGL 8.64 Increased By ▲ 0.04 (0.47%)
GGL 14.21 Increased By ▲ 0.06 (0.42%)
HUMNL 5.54 Increased By ▲ 0.05 (0.91%)
KEL 2.63 Increased By ▲ 0.04 (1.54%)
LOTCHEM 28.04 Increased By ▲ 0.33 (1.19%)
MLCF 24.05 Increased By ▲ 0.45 (1.91%)
OGDC 71.13 Decreased By ▼ -0.44 (-0.61%)
PAEL 15.34 Increased By ▲ 0.14 (0.92%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 16.08 Increased By ▲ 0.25 (1.58%)
SILK 1.13 Increased By ▲ 0.08 (7.62%)
TELE 9.07 Increased By ▲ 0.08 (0.89%)
TPL 7.09 Decreased By ▼ -0.07 (-0.98%)
TPLP 19.09 Decreased By ▼ -0.09 (-0.47%)
TREET 21.20 Increased By ▲ 0.06 (0.28%)
TRG 139.80 Increased By ▲ 3.30 (2.42%)
UNITY 16.77 Increased By ▲ 0.01 (0.06%)
WAVES 9.41 Increased By ▲ 0.26 (2.84%)
WTL 1.36 Decreased By ▼ -0.02 (-1.45%)
BR100 4,186 Increased By 30.5 (0.73%)
BR30 15,467 Increased By 131.3 (0.86%)
KSE100 41,819 Increased By 279.4 (0.67%)
KSE30 15,448 Increased By 82.9 (0.54%)
Follow us

BENGALURU: Indian shares closed higher on Thursday, climbing for a third consecutive session aided by gains in consumer and metal stocks, a day after the central bank left key interest rates unchanged in line with expectations.

At the closing bell, the blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex were up 0.27% each at 17,516.85 and 58,807.13, respectively. Both indexes are set to log their second consecutive weekly gain.

The Nifty FMCG index ended 1.44% higher led by strong gains in cigarettes-to-hotel conglomerate ITC. ITC shares witnessed their best day in nearly three months and were up 4.9%.

The Nifty metal index closed 0.62% higher. The Nifty bank index, which fell over 1% during the day, pared some losses to close 0.54% lower.

Indian shares end higher on bank, metals boost as Omicron jitters wane

"While RBI's MPC decision was in line with what we had estimated, the markets have priced it in and are now watching out for the US jobs report as well as India's retail inflation numbers," said Narendra Solanki, head of equity research at Anand Rathi Investment Services.

"We are nearing the end of the calendar year and by next week most FIIs (foreign institutional investors) will be going on holiday, hence trading activity is expected to be very low. There might not be any large moves in either direction in the near term."

A Reuters poll showed retail inflation likely accelerated last month towards the upper limit of the RBI's 2%-6% target range as fruit and vegetable prices rose. The CPI data is due on Monday.

Digital payments start-up Paytm's shares moved sharply higher in afternoon trade after its unit was given the status of a scheduled payments bank which would help them explore new business opportunities.

Debt-laden telecom operator Vodafone Idea's shares rose as much as 16.8% to hit their highest levels since early May 2019. The company has gained over 54% since announcing new tariff plans late November.

Comments

Comments are closed.

Indian shares end higher buoyed by consumer and metal stocks

Finance Minister Dar briefs President Alvi on country’s economic situation

Arshad Sharif murder case: Supreme Court orders formation of new JIT

Rupee registers marginal decline, settles at 224.16 against US dollar

President for improving Pakistan’s IT ecosystem to facilitate growth

ECP supports use of electronic voting machines: Chief Election Commissioner

China announces nationwide loosening of Covid restrictions

UNGA adopts Pakistan-piloted resolution to bolster UN’s relief system

Japan announces additional $38.9mn for flood victims

One killed as Bangladesh police fire at opposition rally

Oil dips, hits lowest since January as U.S. data fans fuel demand fears