In keeping with their international counterparts, the Indian markets ended the trading day on a high note on Thursday. Today’s IT, Banking, and Financial Services stocks helped the Sensex conclude more than 500 points higher and the Nifty50 settle over the 17650-level.
At market close, the Nifty50 was up 124.25 points or 0.71 percent to 17,659 while the BSE Sensex was up 515.31 points or 0.81 percent to 59,332.6. Even the broader markets had a surge after the benchmarks dropped, with mid and small-cap indices rising by roughly 1% at the close.
At today’s finish, 29 stocks on the Nifty50 were up and 21 were down. Axis Bank, IndusInd Bank, Bajaj Finance, HDFC, and State Bank of India were among the top Nifty gainers at the market’s close, each of their shares rising by 2% to 3%.
On the other hand, Tata Consumer and Apollo Hospital experienced the biggest declines in trading on Thursday, each falling by over 2%. ITC, NTPC, and HUL also experienced declines on Thursday, each falling by between 1% and 2%.
Most of the Nifty sectoral indices increased; Nifty Bank and Financial Services both increased by more than 1.5%. Nifty IT saw the biggest gain at market close, up about 2%. While Nifty FMCG, Nifty Auto, and Nifty Metal all contributed to the market’s nearly 1% decline.