Benchmark indices Sensex and Nifty rebounded sharply on Thursday, rising more than 1 per cent as Indian equities tracked a rally in global markets following recent heavy losses triggered by the conflict in West Asia.
Snapping a four-session losing streak, the 30-share BSE Sensex surged 899.71 points or 1.14 per cent to close at 80,015.90. During the session, the index climbed as much as 1,187.64 points or 1.50 per cent to 80,303.83.
The NSE Nifty also ended higher, gaining 285.40 points or 1.17 per cent to settle at 24,765.90, breaking its three-day decline.
Nifty50 top gainers
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Adani Ports SEZ (4. 53%)
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Hindalco (3. 60%)
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NTPC (3. 35%)
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RIL (3. 31%)
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Coal India (3. 28%)
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BEL (2. 95%)
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Shriram Finance (2. 93%)
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JSW Steel (2. 90%)
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InterGlobe Aviation (2. 73%)
Nifty50 top losers
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Tech Mahindra (-1. 33%)
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HCL Tech (-0. 73%)
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Kwality Wall’s (-0. 60%)
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ICICI Bank (-0. 58%)
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SBI (-0. 43%)
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TCS (-0. 35%)
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HUL (-0. 28%)
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Eternal (-0. 25%)
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ONGC (-0. 22%)
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Axis Bank (-0. 17%)
BSE Sensex top gainers
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Adani Ports SEZ (4. 53%)
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NTPC (3. 35%)
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RIL (3. 31%)
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BEL (2. 95%)
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InterGlobe Aviation (2. 73%)
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Power Grid (2. 57%)
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Tata Steel (1. 96%)
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Sun Pharma (1. 95%)
BSE Sensex top losers
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Tech Mahindra (-1. 33%)
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HCL Tech (-0. 73%)
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Kwality Wall’s (-0. 60%)
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ICICI Bank (-0. 58%)
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SBI (-0. 43%)
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TCS (-0. 35%)
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HUL (-0. 28%)
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Eternal (-0. 25%)
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Axis Bank (-0. 17%)
“Indian equity markets ended the session with over 1 per cent gain, managing to snap a sharp multi-day losing streak.
With the Middle East conflict entering its sixth day, uncertainty over whether the situation will move toward resolution or further escalation kept market participants cautious, resulting in a consolidation-driven trading session. The extreme panic that characterised previous sessions began to ease, reflected in India VIX plunging more than 15% from recent highs,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said, PTI quoted.
Broader markets also ended higher. The BSE smallcap index advanced 1.74 per cent, while the midcap index gained 1.36 per cent.
Among sectoral indices, services rose the most by 2.84 per cent, followed by utilities (2.58 per cent), power (2.41 per cent), metal (2.32 per cent), industrials (2.32 per cent), auto (1.95 per cent), realty (1.91 per cent), energy (1.83 per cent) and commodities (1.72 per cent).
Information Technology and BSE Focused IT were the only laggards.
On the BSE, 2,803 stocks advanced, while 1,453 declined and 141 remained unchanged.
Asian markets also ended higher. South Korea’s Kospi rebounded sharply by 9.63 per cent, while Japan’s Nikkei 225, China’s Shanghai SSE Composite and Hong Kong’s Hang Seng index also closed with gains.
European markets were trading higher, while US markets had ended Wednesday’s session in positive territory.
Foreign Institutional Investors (FIIs) sold equities worth Rs 8,752.65 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 12,068.17 crore, according to exchange data.
