BENGALURU, Aug 5 (Reuters) - Indian shares closed higher on
Thursday for a fourth straight session, buoyed mostly by gains
in Airtel and information technology stocks, while investors
awaited the country's central bank decision on interest rates on
The blue-chip NSE Nifty 50 index and the S&P BSE
Sensex ended up 0.2% each at 16,294.60 and 54,492.84,
The Nifty Bank index, which rose over 2.3% in the
previous session, declined 0.5%, while the public sector banking
index dropped 2.2%. The Nifty IT index
"We have observed a lackluster movement after two days of
positivity in the market. Sentiments in the domestic market are
still intact and poised towards positive strength," said Gaurav
Garg, head of research, CapitalVia Global Research.
Bharti Airtel Ltd was the top gainer in the Nifty
50 index, rising 4.23% after several brokerages gave a "buy"
rating on the stock after its quarterly results.
Indian wireless carrier Vodafone Idea's shares
tumbled as much as 24% to their lowest level since May 2020 at
4.55 rupees, a day after its billionaire non-executive chairman
stepped down, fueling concerns. Vodafone Idea, however, pulled
back to close unchanged.
Shares of Indian state-run refiner Hindustan Petroleum Corp
Ltd fell as much as 3.6%, a day after it reported a
36.2% fall in June-quarter net profit.
Panacea Biotec Ltd gained 3% after the company
reported that it had agreed to produce up to 25 million doses of
the Sputnik V COVID-19 vaccine using the drug substance made by
Indian markets are closely watching the country's central
bank policy outcome on Friday for cues on liquidity even as it
is mostly expected to stay put on rates.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by