Mumbai, May 26: Snapping a losing streak of last three sessions, the BSE Sensex on Thursday surged 503.27 points, to close at 54,252.53, following gains in Bankex, Finance, Metal and Materials stocks.
The Nifty of National Stock Exchange (NSE) too rose 144.35 points at 16,170.15.
Tumbling down 576 points in the last three sessions. The BSE Sensex rose 201 points at 53,950.84 in the opening session. It spurted 597 points at 54,346.22, day’s high, before closing at 54,252.53, up 503.27 points from its previous close. During the day, it dropped 324 points at 53,425.25, day’s low.
The sectoral indices like Metal, Bankex, Finance and Materials stocks pushed the market up today.
In scrips, Tata Steel was a star gainer, up by 5.27 per cent to Rs 1051.85 followed by SBI by 3.26 per cent to Rs 469, HDFC Bank by 3.06 per cent to Rs 1369, Axis Bank by 2.89 per cent to Rs 684 and ICICI Bank by 2.57 per cent to Rs 731.75.
The losers were Sun Pharma by 1.06 per cent to Rs 901.45, Reliance Industries by 0.89 per cent to Rs 2588, Hind Unilever by 0.83 per cent to Rs 2279.40, L& T by 0.36 per cent to Rs 1569.90.
The Nifty recorded day’s high and low at 16,204.45 and 15,903.70, respectively. The Mid Cap advanced by 1.44 per cent and Small Cap by 0.78 per cent.
In 30 scrips, 25 advanced while 5 declined. In Asian Market, a mixed picture was seen, as China rose by 0.50 per cent. While, Australia fell by 0.71 per cent, followed by Hong Kong and Japan by 0.27 per cent each. Taiwan too slipped 0.84 per cent.