The Sensex and Nifty50 indexes on Thursday struggled to stay within a narrow range around the flatline. The Sensex closed up 113.11 points, or 0.20 percent, at 57,901.14, while the Nifty up 27 points, or 0.16 percent, to 17,248.40. Around 1462 shares have increased in value, 1803 shares have decreased in value, and 103 shares have remained steady.
Among the top Nifty gainers were Bajaj Finance, Infosys, BPCL, Titan Company, and Reliance Industries. Hindalco Industries, Cipla, Maruti Suzuki, ICICI Bank, and Hero MotoCorp were among the losers. Except for IT and oil and gas, all other sectoral indicators finished in the red. The BSE midcap and smallcap indices are both down 0.5 percent.
On Thursday, the broader markets underperformed the benchmarks. The BSE Midcap and Smallcap indices were both down 0.6 percent. The overall breadth was likewise negative: 1,908 of the 3,449 stocks listed on the BSE dropped, while 1,445 climbed.
After losing 8 percent in the previous three trading sessions, Bajaj Finance recovered and concluded the day with a gain of 2.8 percent. After announcing plans to buy Singtel's delivery centre in Malaysia, Infosys' stock jumped 2.5 percent.
European markets rose after the US Federal Reserve's positive economic outlook encouraged risk appetite, with investors looking to the European Central Bank for its policy update. The pan-European STOXX 600 index had risen 1.4 percent, on track for its highest day in more than a week, with the IT and energy sectors leading the way.