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Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up

The NSE Nifty 50 ended 304.25 points, or 1.21% higher at 25,549, while the BSE Sensex closed 1000 points, or 1.21% up at 83,755.87.

<div class="paragraphs"><p>Shares of Shriram Finance Ltd., Jio Financial Service Ltd., Tata Steel Ltd. and Hindalco Ltd. were the top gainers. (Photo: Envato)&nbsp;</p></div>
Shares of Shriram Finance Ltd., Jio Financial Service Ltd., Tata Steel Ltd. and Hindalco Ltd. were the top gainers. (Photo: Envato) 
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The benchmark equity indices closed with gains on Thursday, led by share prices of Shriram Finance Ltd. and Jio Financial Service Ltd., as Nifty Bank and Finance surged to hit all-time high levels.

The NSE Nifty 50 ended 304.25 points, or 1.21% higher at 25,549, while the BSE Sensex closed 1,000 points, or 1.21% up at 83,755.87. During the day, the Nifty rose 1.27% to trade at 25,565.30 and the Sensex rose 1.28% to 83,812.09.

"The market witnessed a strong recovery after a minor dip in the morning session, with the index gradually compounding its gains and ending the day on a positive note at 24,946.50 with gains of 227.90 points. All the sectors settled the trade in green territory, with IT and Realty being the major gainers," said Aditya Gaggar, director of Progressive Shares.

Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up

Shares of Shriram Finance Ltd., Jio Financial Service Ltd., Tata Steel Ltd. and Hindalco Ltd. were the top gainers.

While those of Dr. Reddy's Laboratories Ltd., Tech Mahindra Ltd., Wipro Ltd., and Hero MotoCorp Ltd. were among the biggest laggards.

Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up

In terms of points contribution, HDFC Bank Ltd. and Reliance industries Ltd. were among stocks that led the gains in the index.

Dr. Reddy's Laboratories Ltd. and State Bank Of India Ltd. dragged the index the most.

Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up

On NSE, 12 out of 15 sectors ended in the green, with Nifty Metal, Oil & Gas and Finance gaining the most.

Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up

The broader market indices settled higher as the BSE MidCap and SmallCap both advanced 0.55% and 0.7%, respectively.

The market breadth was skewed in the favour of buyers as 1,889 stocks declined, 2,051 advanced and 175 remained unchanged on the BSE.

Stock Market Highlights: Sensex Jumps 1,000 Points; Bank, Finance Hit All-Time High As Benchmarks End 1% Up
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