Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Amid weak Asian markets and profit booking at record highs, domestic bourses started Thursday’s trading session with marginal declines.
At 9.30 am, the Sensex was trading 76 points or 0.25 per cent down at 29,900 while the Nifty50 was trading 25 points or 0.27 per cent lower at 9,240.
However, broader markets extended gains. BSE Midcap and BSE Smallcap indices surged 0.1 per cent 0.2 per cent respectively.
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Among the BSE sectoral indices, Realty index registered the biggest gain with a jump of 0.8 per cent. Telecom index slipped 0.7 per cent. All the BSE sectoral indices were trading with modest moves.
On Wednesday, the NSE Nifty had closed at record-closing high, up 27 points or 0.30 per cent at 9,265. The BSE Sensex had closed 64 points or 0.21 per cent higher at 29,974.
Top gainers in the Sensex-30 pack: Bajaj Auto (up 1 per cent), Infosys (up 1.4 per cent), Gail (up 0.8 per cent), Tata Motors (up 1.2 per cent) and Axis Bank (up 0.4 per cent).
Top losers in the Sensex-30 pack: HUL (down 1.1 per cent), Bharti Airtel (down 1 per cent), Adani Ports (down 1 per cent), ITC (down 0.9 per cent) and ICICI Bank (down 0.8 per cent).
Asian markets were trading in the negative zone. Japan’s Nikkei 225 Index plunged 1.6 per cent, Singapore’s Straits Times Index slipped 0.4 per cent, Hong Kong’s Hang Seng index declined 0.6 per cent, Korea’s KOSPI index lost 0.5 per cent and China’s Shanghai Composite Index inched up 0.1 per cent.
Back home, the Rupee was trading 15 paisa down at 65.02 against the US Dollar.
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