After hitting new record highs, Indian equity indices closed flat in a volatile market on Thursday, weighed down by Mahindra & Mahindra, Reliance Industries and private banking stocks. However, the blue-chips extended their rally to record highs for a second session in a row.
The 30-share BSE benchmark Sensex surged 33 points or 0.05% to settle at 74,119. The broader NSE Nifty gained 19 points or 0.09% to end at 22,493.
Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top Sensex gainers, risieng 2-4%. Bajaj Finance, Asian Paints, ITC, Nestle India and TCs also closed higher, while M&M, Reliance Industries, Axis Bank, and ICICI Bank closed lower.
M&M shares fell 3.7% amid news of a 0.8% equity block deal in which the promoters are likely to have sold a partial stake. The conglomerate’s promoter group entity Prudential Management and Services (PMSL) was looking to sell a stake in the company.
Suzlon Energy shares closed in a 5% upper circuit after the company bagged a 72.5 MW wind power project from Juniper Green Energy.
