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The Nifty50, on the other hand, shut shop at 17,332, up 58 points or 0.33 per cent. JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers, up between 1 per cent and 5 per cent.
Stock market highlights: Equity markets were volatile in trade on Thursday as investors adjusted their positions amid weekly F&O expiry. The S&P BSE Sensex oscillated within a narrow range of 405 points, before it closed at 58,222, up 157 points or 0.27 per cent.
The Nifty50, on the other hand, shut shop at 17,332, up 58 points or 0.33 per cent. JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers, up between 1 per cent and 5 per cent.
On the downside, Bharti Airtel, HUL, HDFC, IndusInd Bank, Divis Labs, SBI Life, Britannia, HDFC Bank, and Bajaj Finance were the top laggards, down up to 2.5 per cent.
In the broader markets, the BSE MidCap index gained 1 per cent, and the BSE SmallCap index advanced 1.3 per cent. Among sectors, the Nifty Metal index rallied over 3.4 per cent, while the Nifty Pharma and FMCG indices saw profit booking as they slipped up to 0.5 per cent.
Brent crude at $100, again?
The decision by OPEC+ to cut crude oil output by 2 million barrels per day (bpd), or 2 per cent of global supply, is likely to see oil prices climb further, with Brent likely to top the $100 per barrel mark – up nearly 7.5 per cent from the current levels, said analysts. The new production cap levels come into force starting November 2022 and will remain in place until December 2023. READ MORE
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