Indian Stock Markets Finish Firm

Share Markets in India finished the trading day on a positive note on account of buying in frontline blue chip stocks like SBI, ICICI Bank and Bharti Airtel.  

At the closing bell, the BSE Sensex stood higher by 122 points, while the NSE Nifty finished up by 43 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.2% and 0.3% respectively.

Sectoral indices ended on a mixed note. The consumer durables stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in real estate stocks, automobiles stocks, and Indian pharma stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Bharti Infratel share price rallied 5.4% after a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB) bought 10.3% stake in tower infrastructure firm from open market. The consideration from stake sale is Rs 68.1 billion.

For more details, see the Bharti Infratel company fact sheet and quarterly results. For a sector overview, read our telecom sector report.

BSE Bankex stocks finished the trading day on a firm note with SBI share price and ICICI Bank share price leading among the gainers.   

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

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