Indian Equities Post Marginal Loss on Thursday as Consolidation Continues

MT Newswires Live12-18

Indian equity benchmarks finished Thursday's session largely flat, extending the ongoing consolidation phase as investors found few fresh cues to drive directional moves.

With no major domestic or global triggers, sentiment remained cautious, even as the Indian rupee staged a notable recovery.

At the close, the BSE Sensex eased 77.84 points, or 0.1%, to 84,481.81, while the NSE Nifty 50 slipped 3.00 points, or 0.01%, to 25,815.55.

Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) led the declines, falling nearly 3%, followed by Tata Steel (NSE:TATASTEEL, BOM:500470) and Power Grid Corp. of India (NSE:POWERGRID, BOM:532898).

InterGlobe Aviation (NSE:INDIGO, BOM:539448), Tata Consultancy Services (NSE:TCS, BOM:532540) and Tech Mahindra (NSE:TECHM, BOM:532755) were among the top gainers.

In corporate updates, PNB Housing Finance (NSE:PNBHOUSING) appointed Ajai Kumar Shukla as chief executive officer for a five-year term effective Thursday.

Separately, Max Healthcare Institute (NSE:MAXHEALTH, BOM:543220) approved the acquisition of a 100% stake in Yerawada Properties for 2.0 billion Indian rupees.

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