Sensex: On Thursday, Indian equities benchmarks ended a four-session losing streak by closing higher in see-saw trade. Energy, pharmaceutical, and technology stocks led the domestic indices up. The surprise upward movement was also helped by index heavyweight Reliance Industries.
Today, the 30-share BSE Sensex surged 428 points, or 0.78 percent, to close at 55,320, while the broader NSE Nifty rose 122 points, or 0.74 percent, to 16,478.
Mid- and small-cap stocks ended the day on a high note, with the Nifty Midcap 100 gaining 0.49 percent and small-cap gaining 0.21 percent.
The National Stock Exchange’s 15 sector indicators ended the day in the green, with 13 of them. Nifty Oil & Gas, Nifty Pharma, and Nifty IT all exceeded the platform, climbing 1.96 percent, 1.20 percent, and 0.98 percent, respectively, to outperform the platform.
On a stock-by-stock basis, Dr Reddy’s was the biggest Nifty gainer, with the stock rising 3% to 4,324.95. The gainers included BPCL, Reliance Industries, Eicher Motors, and Bajaj Auto.
On the BSE Sensex, the overall market breadth was positive, with 1,750 shares rising and 1,550 falling.
Reliance, Dr. Reddy’s Laboratories, Bharti Airtel, Tech Mahindra. As well as Sun Pharma, Kotak Mahindra Bank, Wipro, ITC. Infosys, HDFC Bank, TCS, and IndusInd Bank were among the top gainers on the 30-share BSE index.
Tata Steel, UltraTech Cement, NTPC, Bajaj Finance, SBI, Asian Paints, HCL Tech, Bajaj Finserv, and M&M, on the other hand, all ended the year in the red.
Life Insurance Corporation of India (LIC), the country’s largest insurer and domestic financial investor, also fell to a new intraday low of 720.05. The stock ended up closing 2.17 percent lower at 721.95.