Indian shares edged higher on Thursday. Benchmark indices recouped previous day’s losses on Thursday supported by HDFC twins, auto and FMCG stocks but the profit booking in Infosys, Bharti Airtel and ICICI Bank capped the upside.
Overall it was a consolidation in the market for the third consecutive session. The BSE Sensex rose 102.32 points to close at 25576.21 and the NSE Nifty advanced 23.05 points to 7649.90.
Investors will closely watch May CPI inflation and April industrial output data that will be announced later in the day.
India’s largest coal mining company Coal India declined over 2 percent followed by Axis Bank, BHEL, Reliance Industries and ICICI Bank with 0.6-1.9 percent.
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