Stock Market Closes With Gains: Sensex Up 385 Points, Nifty At 19,727 Mark; Banks, Realty Up 1%

Stock Update: On the 30-share Sensex platform, L&T, IndusInd Bank, Tech Mahindra, SBI were among the lead gainers. On the downside, Sun Pharma, M&M, Infosys, HUL, UltraTech Cement emerged as losers.

In the border market, the BSE midcap index gained 0.8 per cent, and smallcap index was up 0.4 per cent.

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The two key equity benchmarks, Sensex and Nifty, on Thursday, extended their winning run into the fifth straight session with buying seen in most sectors. At Close, the S&P BSE Sensex rose 385.04 points or 0.58 per cent to 66,265.56. On the other hand, the Nifty was up 116.00 points or 0.59 per cent at 19,727.

On the 30-share Sensex platform, L&T (4.26 per cent), IndusInd Bank, Tech Mahindra, SBI, HCL Tech were among the lead gainers. On the downside, Sun Pharma, Mahindra & Mahindra, Infosys, HUL, UltraTech Cement, and Bharti Airtel emerged as losers.

On Nifty 50, top gainers included Coal India, L&T, IndusInd Bank, SBI Life Insurance, and Tech Mahindra, while Tata Consumer Products, M&M, Britannia Industries, Sun Pharma and Infosys were among the losers. 

In the border market, the BSE midcap index gained 0.8 per cent, and smallcap index was up 0.4 per cent.

Sectorwise, all indices closed in the green with Nifty Bank, Nifty capital goods, Nifty PSU Bank, Nifty Power and Nifty Realty up 1-2 per cent. FMCG and pharma closed with up to 0.4 per cent loss. 

In the previous session on Wednesday, the BSE Sensex closed with a gain of 100 points at 65,880. On the other hand, the NSE Nifty50 settled at 19,611, up 36 points. 

According to a Mint report, the market capitalisation of the BSE-listed firms rose to nearly Rs 319.1 lakh crore from Rs 317.3 lakh crore in the previous session, making investors gain nearly Rs 1.8 lakh crore.

In Asian markets, indices declined with Shanghai's SSE Composite Index and Hong Kong's Hang Seng down over 1 per cent. The market in Seoul and Tokyo also ended lower. In European markets, indices were trading in the green in early deals. On Wednesday, Wall Street ended in negative territory.

The rupee ended marginally lower at 83.21 per dollar versus the previous close of 83.13. The rupee depreciated for the fourth straight day. At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar and traded in the range of 83.12 to 83.22 against the greenback. It ended at the lowest level of 83.22 (provisional) against the dollar, registering a fall of 9 paise from its previous close. On Wednesday, the rupee settled 9 paise lower at 83.13 against the dollar.

 

Crude oil breached the $90 per barrel mark after oil-producing countries agreed to extend supply cut till December this year while the dollar stayed firm, reported PTI. 

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.09 per cent to 104.95. Brent crude futures, the global oil benchmark, were trading 0.39 per cent lower at $90.25 per barrel.

 

According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 3,245.86 crore.