Benchmark indices opened on a higher note on Thursday, as the domestic economy grew at 7.2 per cent in the third quarter, surpassing consensus estimates. Investors though chose to shrug off data on fiscal deficit , which at Rs 6.77 lakh crore for April-January period was 113.7 per cent of the revised full-year estimate of Rs 5.94 lakh crore. Auto stocks were in focus ahead of monthly sales data.
The BSE Midcap index was trading 0.06 per cent down at 16,553 around 10:45 pm (IST) on Thursday, with shares of Vakrangee (down 4.97 per cent), Torrent Pharmaceuticals (down 3.04 per cent) and Indian Bank (down 2.69 per cent) as the top losers.
Bank of India (down 2.11 per cent), Rajesh ExportsBSE -3.20 % (down 2.07 per cent), Cholamandalam Investment & Finance Company (down 1.56 per cent), Natco Pharma (down 1.46 per cent), Union Bank of India (down 1.42 per cent), Canara Bank (down 1.35 per cent), Petronet LNGBSE -1.26 % (down 1.34 per cent), Apollo Hospitals Enterprise (down 1.22 per cent) and The Ramco Cements (down 1.14 per cent) were also among the losers in the index around that time.
However, shares of Dalmia Bharat (up 3.40 per cent), Havells India (up 2.30 per cent), IDBI Bank (up 1.88 per cent), Oberoi Realty (up 1.80 per cent), Indraprastha Gas (up 1.69 per cent), Larsen & Toubro Infotech (up 1.57 per cent), GRUH Finance (up 1.57 per cent), Exide Industries (up 1.35 per cent), Endurance Technologies (up 1.21 per cent), NLC India (up 1.18 per cent), Torrent Power (up 1.17 per cent) and Godrej Industries (up 1.15 per cent) were among the gainers in the index around that time.
Equity benchmarks were a little lower after the fiscal deficit data reached at 113.7 per cent of the full year’s target.
The NSE Nifty50 index was down 7 points at 10,486, while the BSE Sensex was 47 points down at 34,137.
Among the 50 stocks in the Nifty50 index, 26 were trading in the green, while 24 were in the red.
Tata MotorsBSE 1.13 %, Bharti Airtel, Bajaj Auto, IndusInd Bank and YES Bank were among the top gainers in the Sensex kitty of stocks.
However, ICICI Bank, State Bank of India, Infosys and Power Grid CorporationBSE -1.49 % were among the losers in the Sensex index around that time.