Indices climbs amid volatility, Nifty settles above 21,900; M&M surge 7%
Domestic equity indices closed with slight gains on Thursday, marking the third consecutive trading day of positive performance. Global markets stabilised, contributing to an improved risk appetite among investors, particularly after assimilating a hotter-than-expected US inflation print. The Nifty50 successfully settled above the 21,900 level. Trading exhibited volatility, primarily attributable to the expiry of weekly index options on the NSE. There was increased demand for shares in PSU banks, oil & gas, and the auto sector, while FMCG, healthcare, and media shares experienced downward pressure.
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