Sensex crosses 84,000 for first time since June, Nifty reclaims 25,700 mark
The climb in the indices led by buying in autos, consumer durables, FMCG, and banking heavyweights.
The climb in the indices led by buying in autos, consumer durables, FMCG, and banking heavyweights.
In the Indian stock market, bulls were back in action as the benchmark indices snapped a three-day losing streak. This helped Nifty to comfortably close above the 25,100 mark amid buying across the sectors.
Benchmark indices extended gains from the previous session and ended higher on Thursday. Broader markets staged a sharp rebound from yesterday's selloff, outperforming their larger cap peers.
At close, the Sensex was down 56.74 points or 0.07% at 81,709.12, and the Nifty was down 30.60 points or 0.12% at 24,677.80.
At close, the Sensex was down 55.47 points or 0.07 per cent at 79,486.32, and the Nifty was down 51.15 points or 0.21 per cent at 24,148.20 .Equities ignored positive global markets after the US Federal Reserve cut its benchmark lending rate by a quarter percentage point.
Sensex opened at 76,680.90 and closed at 76,456.59 falling prey to profit booking. The index rose about 370 points to hit its intraday high of 76,860.53.
In the global market, the US stock index futures ticked lower as investors awaited the conclusion of the Federal Reserve's meeting.
Nifty 50 opened at 22,334.45 against the previous close of 22,332.65 and touched its intraday high and low of 22,452.55 and 22,256 respectively, during the session, finally closed 3 points up at 22,335.70.
In the broader markets, the BSE MidCap and SmallCap indices advanced 1 per cent and 1.23 per cent , respectively.
The rise in domestic stocks is related to both the global market recovery and sound domestic macroeconomic fundamentals.
