Indian Stocks
0
All posts from Indian Stocks
Indian Stocks in Indian Stocks,

​ India: indices close virtually unchanged

The Indian stock market ended little changed on Thursday, July 27, with the NSE Nifty and the BSE Sensex reaching 10,114.85 and 32,672.66, respectively, in intraday trading on the back of upbeat corporate earnings.

Banking and FMCG outperformed the broader market, while metals and telecom names were out of favor.

Recapping the benchmarks, the Nifty 50 retreated 0.10% to 10,020.55, and the BSE Sensex ticked up 0.02% to close at 32,383.30.

By 10:37 GMT the USD/INR pair weakened 0.40% to 64.100, while the EUR/INR dropped 0.59% to 75.0816. The 10-year Indian government bond yield stood at 6.424%.

Yes Bank surged 4.32% as quarterly profit beat expectations.

Indian software provider HCL Technologies shed 0.3%, although the stock went up in early trading on better-than-expected quarterly profit.

Indiabulls Real Estate added 0.5% as CLSA upgraded the name to Buy, setting the target price at INR 282 per share.

The daily chart shows that the BSE Sensex is trading within a rising wedge and has bounced off its upper line, while the Slow Stochastic Oscillator is bear-friendly at this point. As a result, the benchmark is likely to move towards the lower end of the pattern in the short term.