Stock Market Highlights: Nifty Reclaims 25,000, Sensex Surges 1,200 Points
On the NSE, all 15 sectoral indices ended with gains, with the Nifty Defence, Realty and Auto being the top gainers.
The benchmark equity indices closed higher for the second straight day on Thursday as share prices of Reliance Industries Ltd., HDFC Bank Ltd. and ICICI Bank Ltd. led the gains.
The NSE Nifty 50 ended 395.2 points or 1.6% higher at 25,062.1 and the BSE Sensex closed 1,200.18 points or 1.48% up at 82,530.74. During the day, the Nifty jumped as much as 1.82% to 25,116.25, while the Sensex rose to 82,718.14.
"Following a subdued opening, the Nifty initially declined but soon recovered, However, it struggled to sustain the gains and faced another round of selling pressure," Aditya Gaggar, director of Progressive Share Brokers, said.
"Mid-session saw a sudden surge in heavyweight stocks, which pushed the index beyond the psychological mark of 25,000," Gaggar added.
Shares of Hero MotoCorp., JSW Steel Ltd., Tata Motors Ltd., Trent Ltd., and Shriram Finance Ltd. were the top gainers among the Nifty 50 stocks.
In terms of points contribution, RIL, HDFC Bank, ICICI Bank, Bharti Airtel Ltd. and Infosys Ltd. led the gains in the index.
On the NSE, all 15 sectoral indices ended with gains, with the Nifty Defence, Realty and Auto being the top gainers.
In the broader market, the BSE MidCap and SmallCap both underperformed the benchmark Sensex as they ended 0.66% and 0.94% higher respectively.
The market breath was skewed in favour of the buyers as 2,643 stocks advanced, 1,304 stocks declined and 159 remained unchanged on BSE.
