Stock Market Highlights: Nifty, Sensex Rally To Recoup Opening Losses
The NSE Nifty 50 ended 159.60 points, or 0.68% higher at 23,591.95, while the BSE Sensex closed 317.93 points, or 0.41% up.
The benchmark equity indices ended with gains on Thursday, after posting the worst intraday fall in nearly one month on Wednesday.
The NSE Nifty 50 ended 159.60 points, or 0.68% higher at 23,591.95, while the BSE Sensex closed 317.93 points, or 0.41% up.
Intraday, Nifty rose as much as 0.60% or 216.95 points to 23,646.45, while Sensex rose 458.96 points, or 0.59% to 77,747.46.
"After a slow start to the monthly expiry trade, the market saw a strong recovery from lower levels, although the index later oscillated in a narrow range, before ultimately concluding at 23,591.95, with gains of 105.10 points," said Aditya Gaggar, director of Progressive Shares.
Shares of HDFC Bank Ltd., Larsen And Toubro Ltd., NTPC Ltd., Reliance Industries Ltd. and Bajaj Finance Ltd. positively contributed to changes in the Nifty.
While those of Tata Motors Ltd., Bharti Airtel Ltd., Sun Pharma Ltd., Kotak Mahindra Bank Ltd. and Mahindra and Mahindra Ltd. weighed the index.
On NSE, three out of 12 sectors fell, with nine closing in the green. The Nifty PSU Bank and Nifty Media closed in the green, while Nifty Auto and Nifty Pharma closed in the red.
Nifty Bank snapped its two-day loss to close in the green. Nifty PSU Bank, Nifty Metal, Nifty FMCG, Nifty Realty and Nifty Oil and Gas snapped two-day losing streak.
Nifty Pharma extending its decline for the third day closed in red.
On the BSE two of the 21 sectors fell with BSE Auto and BSE Telecommunication falling the most.
The broader markets ended lower, with the BSE MidCap ending with gains of 0.46% and the SmallCap rising 0.90%.
The market breadth was skewed in the favour of sellers, as 2,352 stocks declined, 1,691 advanced and 89 remained unchanged on the BSE.
