After opening the day flat, Indian share markets continued momentum as the session progressed and ended the day higher.
Indian benchmark indices rose on Thursday ahead of the key earnings from IT bigwigs TCS and Infosys later in the day today. RIL and private bank stocks were the lead gainers in today's trade.
At the closing bell, the BSE Sensex stood higher by 63 points (up 0.1%).
Meanwhile, the NSE Nifty closed higher by 29 points (up 0.1%).
Bajaj Auto, BPCL and Axis Bank were among the top gainers today.
HUL, L&T and Infosys on the other hand, were among the top losers today.
The GIFT Nifty was trading at 21,709 down by 13 points, at the time of writing.
The BSE MidCap index ended 0.7% higher and BSE SmallCap index ended 0.8% higher.
Sectoral indices ended mixed with stocks in the auto sector and oil & gas sector witnessing most of the buying. Meanwhile, stocks in FMCG sector, IT sector and media sector witness selling pressure.
Shares of Abbott India, Apollo Hospitals, L&T Technology hit their respective 52-week highs today.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
Asian share markets ended on the positive note. The Shanghai Composite ended 0.3% higher, while the Nikkei index ended 1.8% higher. Meanwhile Hang Seng ended 1.3% higher.
The rupee is trading at 83.03 against the US$.
Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 62,155 per 10 grams.
Meanwhile, silver prices are trading 0.2% higher at Rs 72,088 per 1 kg.
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In news from the auto sector, shares of Hero MotoCorp surged over 5% to Rs 4,367 after the two-wheeler major is set to enter the 440cc segment by launching a range of products on 23 January.
The company could also unveil a 125cc bike as part of the product lineup.
It would also showcase prototypes as well as production-ready models in Jaipur and launch them in FY24 and FY25.
In December, the world's largest two-wheeler company sold 3,93,952 units against 3,94,179 in the year-ago period.
Motorcycle sales stood at 3,54,658 units against 3,56,749 units in the corresponding period a year ago. Scooter sales in December were, however, higher at 39,294, as against 37,430 units sold a year back.
Hero MotoCorp, erstwhile popularly known as Hero Honda is one of India's first motorcycle manufacturers.
The company was incorporated in 1984 and introduced as a technological collaboration with Honda, Japan.
Hero MotoCorp hits a 33-month high. To know why this largecap stock is on a roll, check out Why Hero MotoCorp Share Price is Rising.
To know more, check out Why Hero MotoCorp is Underperforming in the Market.
Hero MotoCorp, one of the top companies in the EV sector could be prime beneficiaries as Nifty heads towards 40,000.
Moving on to news from the travel support services, shares of Easy Trip Planners, which operates the online travel portal EaseMyTrip, jumped more than 14% today, continuing the uptrend that followed the Maldives row.
The Maldivian tourism body has called on EaseMyTrip to re-open flight bookings on its platform to the island nation even, as the website offers discounts for travel within India.
The Delhi-based travel aggregator suspended all flight booking to Maldives following the disparaging remarks made by now-suspended Maldivian ministers against India and Prime Minister Narendra Modi following his visit to Lakshadweep.
The discounts came a day after the Maldives Association of Tour and Travel Operators (MATATO) called on EaseMyTrip to disregard the regrettable comments, saying they did not reflect the sentiments of Maldivians in general.
In just the last five sessions, the stock has rallied 23%, outperforming the benchmark Nifty 50, which has fallen marginally during the period.
Recently, EaseMyTrip also launched a subsidiary, EaseMyTrip Insurance Broker Private. This is a strategic move by the company to diversify its service portfolio and tap into the insurance market by creating a specialised product to solve customer needs.
Moving on to news from the pharma sector, the Unichem Laboratories share price touched a 52-week high of Rs 479.3 after the company received the United States Food and Drug Administration's nod for the generic version of a hypertension drug.
Doxazosin is indicated for the treatment of hypertension to lower blood pressure.
The product will be commercialised from the company's Goa plant.
In December, the company again sold shares held in Optimus Drugs to Sekhmet Pharmaventures for Rs 674.7 million (m) in a second tranche of divestment in the pharma firm. In May 2022, Unichem sold 19.9% of the equity in Optimus to Sekhmet Pharmaventures.
Unichem has several pharma products in therapeutic areas like gastroenterology, cardiology, diabetology, psychiatry, neurology, anti-bacterial, anti-infectives and pain management.
For a sector overview, read our pharmaceuticals sector report.
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