Indian shares edged higher on Thursday. Benchmark indices recouped previous
day’s losses on Thursday supported by HDFC twins, auto and FMCG stocks but the
profit booking in Infosys, Bharti Airtel and ICICI Bank capped the upside.
Overall it was a consolidation in the market
for the third consecutive session. The BSE Sensex rose 102.32 points to close
at 25576.21 and the NSE Nifty advanced 23.05 points to 7649.90.
Investors will
closely watch May CPI inflation and April industrial output data that will be
announced later in the day.
India’s
largest coal mining company Coal India declined over 2 percent followed by Axis
Bank, BHEL, Reliance Industries and ICICI Bank with 0.6-1.9 percent.
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