Stock Market: Sensex Rises 142 Points, Nifty Ends Above 17,850. IT Stocks Lead

Stock update: On the 30-share Sensex platform, Bajaj Finserv, Asian Paints, Infosys, Bajaj Finance, IndusInd Bank, L&T were the winners

In the broader markets, the BSE MidCap index down 0.01 per cent and the BSE SmallCap index 0.15 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Thursday closed in the green amid volatility. The two domestic indices remained range-bound for better part of the session, only to turn higher during the last hour of trade.

The S&P BSE Sensex closed at 60,806, up 142 points. On the other hand, NSE Nifty50 closed at 17,894, rising 22 points.

On the 30-share Sensex platform, Bajaj Finserv, Asian Paints, Infosys, Bajaj Finance, IndusInd Bank, L&T were the winners. On the flip side, Airtel, UltraCemco, Tata Motors, Sun Pharma, Axis Bank, ITC emerged losers.

#ABPLiveStockMarketWatch | Indian equity benchmarks on Thursday closed in the green amid volatility

At 03:30 PM, #Sensex gains 142 points to 60,806 & #Nifty up 22 points to close at 17,893

Here's a look at the stocks in focus:#ClosingBell #ABPLive #MarketWatch pic.twitter.com/YeCR6R5Boo

— ABP LIVE (@abplive) February 9, 2023

In the broader markets, the BSE MidCap index down 0.01 per cent and the BSE SmallCap index 0.15 per cent.

Sectorwise, most indices closed around flat line with marginal changes either side. The Nifty IT index was the top gainer, up 0.7 per cent, on the NSE. On the flipside, the Nifty Metal index fell 1.5 per cent bogged down by Adani Enterprises.

In the previous session on Wednesday, the S&P BSE Sensex advanced 378 points to close at 60,664 levels. On the other hand, the Nifty50 closed at 17,872, rallying 150 points.

Meanwhile, the rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities.

At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and touched a low of 82.66 and a high of 82.48 intra-day. It finally settled at 82.54 against the greenback, unchanged from its previous close.

In the previous session on Wednesday, the rupee had appreciated 16 paise after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points.

Global oil benchmark Brent crude futures advanced 0.19 per cent to $85.25 per barrel.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 736.82 crore, according to exchange data.