Stock Market: Sensex Rebounds 443 Points, Nifty Ends Above 15,550; Auto, IT Stocks Lead

Stock update: Among the stocks, Maruti was the top Nifty gainer as the stock soared 6.65 per cent to Rs 8,300.30, while Hero MotoCorp, Eicher Motors, M&M, and Bajaj Auto were also among the gainers

In the broader markets, the BSE MidCap and SmallCap indices outrun the frontline indices, rising up to 1.4 per cent.

Source : Getty

Sensex and Nifty, two key equity benchmarks, on Thursday closed in the green, led by stellar growth in automobiles, pharma, and IT stocks.

The 30-share BSE Sensex rose 443 points (0.86 per cent) to close at 52,266 on Thursday, while the broader NSE Nifty moved 143 points (0.93 per cent) higher to end at 15,557.

Among the stocks, Maruti was the top Nifty gainer as the stock soared 6.65 per cent to Rs 8,300.30, while Hero MotoCorp, Eicher Motors, M&M, and Bajaj Auto were also among the gainers.    

On the downside, Coal India, Reliance Industries, Power Grid, Grasim, and NTPC fell over 0.5 per cent to 1.5 per cent.

In the broader markets, the BSE MidCap and SmallCap indices outrun the frontline indices, rising up to 1.4 per cent.

On NSE, 14 out of the 15 sector gauges settled in the positive zone. Sub-indexes Nifty Auto, Nifty IT and Nifty Pharma outperformed the platform by rising as much as 4.39 per cent, 1.96 per cent and 1.58 per cent, respectively. Nifty Oil & Gas ended 0.43 per cent lower.

The overall market breadth stood positive as 2,093 shares advanced, while 1,211 declined on the BSE.

In their previous session, Sensex had plunged 710 points (1.35 per cent) to close at 51,823 on Wednesday, while Nifty had moved 226 points (1.44 per cent) down to end at 15,413.

At the interbank foreign exchange, the rupee opened at 78.26 against the American dollar, then inched higher to quote at 78.23, registering a rise of 9 paise from the previous close.

On Wednesday, the rupee declined by 19 paise to settle at an all-time low of 78.32 against the US dollar.

Global oil benchmark Brent crude futures fell 2.17 per cent to $109.32 per barrel.

Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 2,920.61 crore, as per stock exchange data.