Sensex Flat, Nifty Tests 22,600; Gland Pharma Soars 8%

On Thursday, the Nifty and Sensex, key stock market indices in India, began trading without much change.

This was in response to the Federal Reserve’s recent policy minutes, which showed concern over recent inflation figures, leading to diminished expectations for a prompt interest rate reduction. The benchmark S&P BSE Sensex gained 5 points, or 0.01 per cent, to quote at 74,226 levels in early deals. The Nifty50, on the other hand, was trading at 22,602, up 4 points or 0.02 per cent.

The broader BSE MidCap, and SmallCap indices, meanwhile, quoted 0.3 per cent higher each.

Among sectors, the Nifty Metal, and Pharma indices were lower by a per cent each, while the Nifty Realty, and PSU bank indices added 1 per cent each.

HEG stock price cracked 5.5 per cent after the company’s net profit plummeted 67 per cent to Rs 32.9 crore from Rs 99.7 crore year-on-year (Y-o-Y). Revenue also decreased 11.3 per cent Y-o-Y to Rs 546.9 crore.

Jubilant Food stock price rose nearly 5 per cent after it reported a multi-fold increase in its consolidated net profit to Rs 208.2 crore for the fourth quarter ended March 2024, helped by exceptional item gains.