The Indian stock markets turned volatile during Thursday’s trading session.  Ahead of the announcement of the advance estimate of gross domestic product (GDP) for the entire FY21, the profit booking across stocks led the benchmark indices to settle in negative territory on Thursday.  

 The Sensex and Nifty erased the day's gains to end lower Thursday afternoon dragged by selling in FMCG, IT and pharma stocks. Broader indices, Nifty Smallcap100 and Nifty Midap100 outperformed the benchmarks, ending over 1 percent higher each. Buying was seen in metals, realty, PSU Banks and financial stocks

Top NIfty gainers included Tata Steel, Hindalco, Bharti Airtel, Adani Ports and IndusInd Bank, while losers consisted of Nestle India, HDFC life, HUL, ITitan and Divis Lab.

IT and FMCG stocks were the worst hit, followed by pharma stocks. The metal stocks closed higher with increasing demand for the sector thereby, giving a boost. Soon after Maharashtra Government cleared a proposal to cut levies on real estate projects by 50 percent, the realty shares witnessed an upward momentum.

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