India's equity benchmark indices, BSE Sensex and NSE Nifty, ended with minor gains despite significant volatility, hitting record highs.
The Nifty closed above 24,600 for the first time, adding 26 points to end at 24,613, while the Sensex rose 52 points, finishing at 80,717. ICICI Bank, Bharti Airtel, and Hindustan Unilever were top contributors to these gains, whereas Reliance Industries Ltd and Kotak Mahindra Bank dragged the Nifty down by 43 points.
The Sensex saw gains from Hindustan Unilever, Bharti Airtel, Infosys, Tech Mahindra, Mahindra & Mahindra, and ICICI Bank, while Kotak Mahindra Bank, UltraTech Cement, NTPC, Reliance Industries, Larsen & Toubro, and Axis Bank were the biggest laggards.
The Nifty Bank Index slipped 59 points to 52,397, and the Midcap Index remained unchanged at 57,664. Coal India was the top Nifty gainer, rising 3% on a positive brokerage note, while Bajaj Auto ended in the green following strong Q1 earnings.
Paytm fell 2% due to an administrative warning from SEBI regarding related party transactions, but telecom stocks gained up to 2% on hopes of AGR relief.
Hatsun Agro and SpiceJet gained up to 4% each due to positive quarterly earnings, Bharti Hexacom surged over 7% after JPMorgan initiated coverage with an Overweight call, and IREDA slipped 6% following a target price set by PhillipCapital at 60% below the current market price.
Zomato experienced profit booking, closing down by more than 4%, while Alembic Pharma rose 12% ahead of its quarterly earnings.
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