Sensex settled at 80,015.90, up 899.71 points or 1.14 per cent, after hitting an intraday high of 80,303.83 and a low of 79,201.69. The broader Nifty 50 ended at 24,737.35, up 256.85 points or 1.05 per cent
Indian equity benchmarks staged a sharp rebound on Thursday, with the BSE Sensex reclaiming 80,000 mark and the Nifty 50 closing over 1 per cent higher, led by gains in metals, infrastructure and energy counters.
The 30-share Sensex settled at 80,015.90, up 899.71 points or 1.14 per cent, after hitting an intraday high of 80,303.83 and a low of 79,201.69. The index had opened at 79,530.48 against a previous close of 79,116.19.
The broader Nifty 50 ended at 24,737.35, up 256.85 points or 1.05 per cent. During the session, the index touched a high of 24,854.20 and a low of 24,529.40. Market breadth remained firmly positive, with 38 advances against 12 declines on the Nifty.
Gains were broad-based, with heavyweights and cyclical stocks driving the upmove. Shares of Adani Ports and Special Economic Zone climbed nearly 4 per cent, while Hindalco Industries surged close to 3.8 per cent. Engineering major Larsen & Toubro advanced over 3.7 per cent, reflecting renewed buying interest in capital goods names.
Among energy and utilities stocks, NTPC Limited rose more than 3 per cent, and Reliance Industries gained over 3 per cent, lending significant support to the benchmark.
Other notable gainers included Bharat Electronics Limited, Mahindra & Mahindra, Power Grid Corporation of India, Tata Steel and Maruti Suzuki, each rising between 2 and 3.5 per cent.
IT and banking stocks lag
However, the rally was tempered by weakness in select information technology and private banking names. Shares of Tech Mahindra fell over 1 per cent, while ICICI Bank, HCL Technologies and Tata Consultancy Services ended in the red.
Private lender Axis Bank and state-run State Bank of India also slipped marginally, capping further gains on the indices.
End of Article
Leave a Reply