AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

BENGALURU: Indian shares ended higher on Thursday on the back of gains in Reliance Industries and technology stocks, with investor sentiment getting a boost from a pullback in crude oil prices.

After struggling for direction for most of the session, the NSE Nifty 50 index settled up 0.64% at 16,628 and the S&P BSE Sensex closed 0.79% higher at 55,818.11.

Global peers were steady, with MSCI’s benchmark for global stocks trading down 0.05% as bets that Saudi Arabia may boost crude production helped balance concerns over surging inflation and monetary policy tightening.

Reliance Industries - India’s most valuable company - led gains in Mumbai trading to add 3.5%. The conglomerate said on Wednesday that Reliance Brands and Italy’s Plastic Legno SPA have formed a venture to buy a 40% stake in Plastic Legno SPA’s toy manufacturing business in India.

The rally in Reliance helped Nifty’s Energy sub-index settle 2% higher.

Indian shares drop for second day as IT, pharma stocks drag

IT stocks advanced 1.8% after two consecutive sessions of losses.

Sun Pharmaceutical Industries broke a losing streak that began after its quarterly results on May 30 to end 2.4% higher and was among the top three gainers on the Nifty 50 index.

Financial services firm Religare Enterprises surged 11.5% after it said lenders of its debt-ridden unit, Religare Finvest, had in-principle agreed to consider a one-time settlement offer.

Bucking the trend, automaker Hero MotoCorp lost 3.4% after delaying the launch of its first electric vehicle.

This pushed the Nifty auto sub-index down by 0.6%.

Comments

Comments are closed.