Mumbai, June 29: Key Indian equity indices closed in the green on Thursday, after hitting intra-day highs during the afternoon session, on the back of positive global cues. At the time of the closing bell today, Bombay Stock Exchange’s (BSE) Sensitive Index or Sensex was at 30,857.52, up by 0.08 per cent, while the wider 50-scrip National Stock Exchange (NSE) was also showing above the benchmark 9500 mark, up by 12.85 points, or 0.14 per cent.
During the afternoon session, Sensex was trading at 48.36 points or 0.16 per cent higher that opening, while the Nifty 50 was at 9,512.10 points, up by 20.85 points or 0.22 per cent. On Thursday, Sensex had opened in the green as well, at 30,910.97 points, on the back of pressure of derivative expiry of June contracts, that gave way to volatility. There was also the selling pressure in banking, pharma and oil, as well as gas heavy weights like Reliance Industries, State Bank of India, HDFC Bank and Sun Pharma.
All this combined also wiped out gains from the benchmark indices. Axis Bank, Tata Steel and Bharti Airtel were the best performing stocks on the BSE, while Vedanta Limited, Indian Bulls Housing Finance and Tata Steel were the top performers on NSE. Meanwhile, State Bank of India (SBIN), Tata Motors and Kotak Mahindra stocks were the worst performing stocks on both the indices. PSU banking and financial stocks overall came under selling pressure, while metal, IT and realty shares rose on Thursday.
Axis Bank was the top gainer on BSE, with a 3.48 per cent rise in the price and it closed at Rs 511.70 on Thursday. This was after the bank issued a statement declaring that the bank had a total fund based outstanding on the defaulting accounts of Rs 5,071 crore. The bank also said that around 80 per cent of the outstanding was secured and against this outstanding, the provision held was Rs 2,497 crores. The BSE mid-cap index was also up by 0.37 per cent and small-cap indices were trading up by 0.85 per cent.