Benchmark shares indices continued to trade firm led by gains in index heavyweights ITC and Reliance Industries and IT majors.
the S&P BSE Sensex was up 22 points at 27,797 and the Nifty50 was down 4 points at 8,572. In the broader market, the BSE Midcap and Smallcap indices were trading flat with mixed bias. Market breadth was firm with 1011 advances and 948 declines on the BSE.
ITC was up 1.3% on renewed buying interest while Reliance Industries was up over 1%.IT majors continued to trade firm with Infosys and TCS were up 0.5%-0.9% each.
Bank of Baroda slumped 7% after the state-owned bank reported weak June quarter earnings. Net profit for the June quarter dropped over 50% to Rs 4.2 crore compared with Rs 10.5 crore in the same quarter last year.
GLOBAL MARKETS
Asian shares were mixed on Thursday tracking overnight losses on wall Street while global crude oil prices slipped on the back of higher US crude inventories. Nikkei and Straits Times were down 0.2%-0.7% each while shares in mainland China and Hong Kong were trading flat with positive bias.
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