Indian equity benchmarks Nifty 50 and Sensex traded with volatility but managed to end in green, halting three days of losses. The Sensex gained 65 points and closed at 60,076.39, while the Nifty 50 ended at 17,605.60, up 15.40 points or 0.09%. HDFC Bank, Larsen & Toubro, Titan, and Tata Motors supported the indices, while Reliance and Infosys weighed them down. HCL Tech ended with minor gains as investors awaited the company's Q4 results. The market traded mixed amid choppy trade due to mixed global cues as investors weighed optimism on a sustained pause in benchmark interest rates against mixed quarterly earnings.
In other news, ITC hit the market capitalization of INR 5 trillion for the first time ever, as the shares of the FMCG major hit an all-time high of INR 402.60 per share, while Tata Motors touched an eight-month high level of INR 475 per share on the BSE. Additionally, Mastek surged on strong Q4 results, and Motilal Oswal initiated coverage on Paytm with a buy rating, expecting the company to turn profitable by FY24-25.
Some of the top gainers in the BSE 500 universe were Tata Communication, Mastek, NMDC Steel, Sula Vineyards, and Indigo Paints. On the other hand, Alok Industries, Brightcom Group, and Gland Pharma were the top laggards.