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On Thursday, extending yesterday's gain, the key Indian bourses closed the day's trade with marginal gain. The buying interest emerged across CD, FMCG and Bankex space while IT and Teck exhibited selling pressure. After a positive opening, the key benchmark indices traded firm amid strength in the Asian bourses and on the back of splendid upsurge in the overnight U.S markets. During the opening trade, the BSE Sensex marked the day's high and touched 18,355.84 while the NSE Nifty hit 5,513.95. However, profit booking at higher level across the bourses led the key benchmark indices to come off the day's high. Today, the BSE Sensex moved in a narrow range and slipped in early afternoon trade as European stocks declined in early trade. The market continued its firm note to close the session with marginal gains. The overall market breadth was positive, as 9 out of the 13 indices ended in green. The BSE Sensex closed above 18,235 mark and NSE Nifty ended above 5,485 level.
The BSE Sensex closed high by 32.44 points or (0.18%) at 18,238.31 while NSE Nifty ended up by 14.30 points or (0.26%) at 5,486.15. BSE Midcap closed with a profit of 59.97 points or (0.78%) at 7,783.90 while BSE Smallcap closed with a gain of 107.77 points or (1.11%) at 9,820.62. The BSE Sensex touched intraday high of 18,355.84 and intraday low of 18,215.28.
On Thursday, the US market witnessed a broad based buying across the sectors, which led the stocks to post their second straight gains ahead of the monthly nonfarm payrolls report. Despite of a flat start, the markets gained grounds at a later stage tracking the initial jobless claims count for the week ended August 28 that stood at 472,000, which is in on par with the 475,000 initial claims widely expected. It was also little changed from the prior weeks 478,000. Moreover, the final nonfarm productivity readings for the second quarter also give a little surprise with a marginal decline in productivity in the quarter by 1.8% as against the widely expectation of 1.7%. The Unit labor costs for the quarter increased 1.1%, as expected. Besides this, the pending home sales for July also offer a positive surprise with a 5.2% monthly increase, which contrasts with the call for no change from economists polled. The stocks across the board got the support, but the S&P 500 struggled in the 1085 zone. Significant volume was heaviest among large-cap tech and large-cap financials. The financials stocks, which lag