We had mentioned in Wednesday’s closing report that Nifty, Sensex might pause. The major indices of the Indian stock markets were range-bound on Thursday and ended flat. On the NSE, there were 730 advances, 1,010 declines and 338 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
The Sensex, which closed at 37,752.17 on Wednesday, opened higher at 37,840.64. Minutes into trading, it was quoting at 37,877.08, up by 124.91 points, or 0.33%. The broader Nifty 50, which closed at 11,341.70 on Wednesday, was quoting at 11,374.90, up by 33.20 points or 0.29%. Sensex and Nifty ended higher on Wednesday despite weak global cues from a fresh wave of political scepticism originating from the UK over the defeat of Brexit deal. However, a sustained inflow of foreign funds aided the gains in the currency, as well as domestic equities.
On Thursday, Asian indices were showing a mixed trend. Japan's Nikkei 225 was quoting in the green, up by 0.18%, while Hang Seng was trading in red, down by 0.36%; South Korea's Kospi was down by 0.22%. China's Shanghai Composite was also trading red, down by 0.83%. Overnight, Nasdaq closed in green, up by 0.69% while FTSE 100 was also up by 0.11% at the closing on Wednesday.
Infosys would open a digital innovation centre at Bucharest in Romania to develop software for clients based on cloud, big data, artificial intelligence and machine learning, said the IT major on Wednesday.
Industrial credit in the country rose by 5.2% on a year-on-year (YoY) basis in January 2019. The growth rate was highest since February 2016 when it was recorded at 5.4%. This growth was mainly led by infrastructure (which grew by 12.6% YoY). As for broader segments, the large industrial segment, which accounts for 82.7% of industrial credit, rose 6.1%. Loans provided to the infrastructure segment account for 35.9% share of the total credit provided to the industrial sector.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: