Stock Market Today: Nifty, Sensex Close At Highest Since Dec 18; Eicher Motors, Bajaj Finserv End Around 8% Up
Catch the latest on Indian equity markets here. Of the 30 stocks in the Sensex, only Sun Pharmaceutical Industries ended lower.
KEY HIGHLIGHTS
US Futures Rise
As of 3:26 p.m. futures contracts of Dow Jones Industrial Average and S&P 500 futures were trading 0.41% and 0.55% higher, respectively. The Nasdaq 100 futures contract was 0.77% higher.
Events, Economic Data Later Thursday
US: Unemployment Claims
US: Final Manufacturing PMI
US: Construction Spending month-on-month
US: Crude Oil Inventories
Nifty, Sensex Close At Highest Since Dec 18; Eicher Motors, Bajaj Finserv End Around 8% Up: Closing Bell
Indian equity benchmarks extended their rally to a second session and both Nifty and Sensex recorded their best sessions since November 22. Of the 30 stocks in the Sensex, only Sun Pharmaceutical Industries ended lower.
Both Nifty and Sensex saw their highest closing since December 18. Intraday, Nifty had risen 2% and Sensex 1.9%. Nifty ended 1.88% or 445.75 points up at 24188.65 and Sensex closed 1.83% or 1,436.30 points higher at 79943.71.
"In today's trade, the bulls dominated as the market saw a steady opening followed by a one-way rally throughout the session," said Aditya Gaggar director of Progressive Shares.
Share prices of Infosys Ltd., Reliance Industries Ltd., Bajaj Finance Ltd., Mahindra & Mahindra Ltd., and Maruti Suzuki Ltd. contributed the most to the gains. While those of Sun Pharmaceutical Industries and Britannia Industries were the only Nifty stocks that fell.
Most sectoral indices rose with Nifty Auto leading.
Market breadth was skewed in favour of buyers. Around 2,399 stocks advanced, 1,554 stocks declined, and 128 stocks remained unchanged on BSE.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices 0.89% and 0.68% higher, respectively.
On BSE, All 21 sectors ended higher with the BSE Auto rising the most.
Markets At Close
Nifty and Sensex extended gains to day two and record best session since November 22
Intraday, Nifty had risen 2% and Sensex 1.9%.
Nifty ended 1.88% or 445.75 points up at 24188.65
Sensex ends 1.83% or 1,436.30 points higher at 79943.71
Broader indices underperformed. Nifty Midcap 100 ended 1.14% up; Nifty Smallcap 250 closed 0.55% higher
Most sectoral indices rose with Nifty Auto leading
Eicher Motors and Bajaj Finserv were top Nifty gainers
Sun Pharma and Britannia Industries were the only Nifty stocks that fell
Rupee Ends Weaker Against US Dollar
-Rupee weakened by 10 paise to close at 85.75 against the US Dollar.
-It closed at 85.65 on Wednesday.
Source: Bloomberg
