Mumbai, July 6: Indian equity indices on Thursday closed on a slightly lower mark, after recording gains during intra day trade. After rising over 150 points, Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) erased some gains to close at 31,369.34 points, still higher by 123.78 points from the previous close. During the day, Sensex hit a high of 31,432 points, up by 0.60 per cent or 186 points from its previous close at 31,245.56 points. The wider Nifty of the National Stock Exchange, meanwhile, also reached for the 9700 mark.
During the intra day trade, Nifty was at 9,697, up by 59 points or 0.61 per cent from the previous close. On Thursday, during closing time, it was trading at 9,674.55, up by 36.95 points or 0.38 per cent from the last closing. Public Sector Banks (PSUs) staged a rise on the markets today, with the Nifty PSU index rising by 2.8%, advancing for the second consecutive session.
Stocks of Canara Bank and Syndicate Bank were both up by three per cent each. Similarly, after Nomura updated Punjab National Bank (PNB’s) stock from ‘neutral’ to ‘buy’, its stocks rose by 4.4 per cent. Meanwhile, private banks traded lower with Axis Bank, Yes Bank, Kotak Mahindra and Indusind Bank, all recording losses in the market.
A total of 1529 shares advanced, while a 1179 stocks fell and 133 others remained unchanged. Reliance Industries Limited also recorded gains on BSE, a day after reports said that its Jio unit was going to launch a Rs 500 feature phone with 4-G facility. The stocks of RIL rose 0.6 per cent and traded at a price of Rs 1,448.35, in its fourth consecutive session of gain. The stock has gained a total of 5 per cent during this period.