The stock market soared on Thursday, easing volatility amid positive global market trends. At close, Sensex was 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%.
File Photo: IANS
The stock market soared on Thursday, easing volatility amid positive global market trends. At close, Sensex was 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%.
The Nifty Midcap 150 index rose by 1.18%, while the Smallcap 250 index ended almost flat. The overall market capitalisation of BSE-listed firms rose to Rs 463 lakh crore from Rs 458 lakh crore in the previous session, with the investors earning Rs 5 lakh crore in a single session.
Advertisement
On the Nifty, around 38 stocks ended higher, including Adani Enterprises up 9%, Cipla up 8%, and Bharti Airtel up 5%. On the flip side were shares of Infosys, Tech Mahindra, and HCL Tech, Coal India, and TCS ended as the top losers, falling 1-2%.
Advertisement
Among the sectors, Nifty Pharma was up 2.74%, Healthcare up by 2.56%, and Metal up by 2.04%, while Nifty Bank, Financial Services, PSU Bank, Private Bank, and Consumer Durables jumped more than 1% each. Nifty IT was down 2%, being the only major sectoral index on the NSE that ended in the red.
Indian rupee slipped to another record low of 95.9 against the US dollar.
Adani Enterprises shares climbed 8.6% to hit a fresh all-time high of Rs 2,713 following a large block deal. Bharti Airtel shares also responded positively to the earnings announcement, settling 5.3% higher.
IT shares fell for the fourth straight session amid concerns over AI-led disruption as the Nifty IT index declined nearly 3 per cent.
Persistent Systems emerged as the top laggard, falling more than 5 percent while HCL Technologies and Tech Mahindra declined up to 5 per cent.
The India VIX, considered the market’s fear gauge, declined 4 per cent to 18.66.
Asian markets also traded higher. Tokyo’s Nikkei 225 index rose 0.3 per cent to 63,448.87 after briefly touching another intraday record high above 63,700, supported by strong corporate earnings.
South Korea’s Kospi gained 0.5 per cent to 7,884.71, Hong Kong’s Hang Seng advanced 0.7 per cent to 26,584.88, while Taiwan’s Taiex climbed 0.6 per cent.
Advertisement
