From the Senses pack, HCL Tech, TCS, Maruti and Wipro were the top gainers, rising 3.5-4.5%. L&T, Infosys, Tata Steel, Bharti Airtel, SBI, and Tech Mahindra also closed higher, while Power Grid, IndusInd Bank, ITC, Kotak Bank and Bajaj Finserv closed with cuts.
Indian equity market closed marginally lower as the finance minister presented the interim budget without major announcements. The government aims to narrow the fiscal deficit to 5.1% in FY2024-25 and reduce borrowings. Paytm s shares plunged after the Reserve Bank of India restricted its services. Nifty PSU Bank index was the top gainer. US Fed maintained rates, but a cut this year is expected.
Nifty on Monday ended 385 points higher to form a long bull candle on the daily chart, indicating chances of an upside breakout of the hurdle at 21750 in the short term.
India Business News: Stock market today: India's benchmark equity indices, BSE Sensex and Nifty50, opened lower on Thursday amid mixed global cues, pulled down by informat