Stock Market Maintains Winning Run: Sensex Gains 96 Points, Nifty Closes Above 17,550. IT Stocks Rally

Stock update: HCL Technologies, Tech Mahindra, NTPC, PowerGrid, Bajaj Finserv, Nestle, Bharti Airtel, Tata Consultancy Services, and Infosys were among the winners on the Sensex pack

In the broader markets, the BSE MidCap index underperformed peers as it fell 0.18 per cent. The BSE SmallCap index, meanwhile, remain unchanged.

Source : Getty

Sensex and Nifty, the two key equity benchmarks, erased losses and ended in the green on Thursday. The domestic indices continued their rally for the fifth day in a row, thanks to fag-end recovery in equities triggered by buying in IT counters.

The BSE Sensex, bouncing back from its early fall, climbed 96 points (0.16 per cent) to settle at 59,203. During the day, it hit a high of 59,273 and a low of 58,791. On the other hand, the broader NSE Nifty ended 52 points (0.30 per cent) higher at 17,564.

On the 30-share BSE platform, HCL Technologies, Tech Mahindra, NTPC, PowerGrid, Bajaj Finserv, Nestle, Bharti Airtel, Tata Consultancy Services, and Infosys were among the winners. On the flip side, IndusInd Bank fell the most at 4.71 per cent, followed by Asian Paints, UltraTech Cement, HDFC Bank, Titan, and Axis Bank.

#StockMarket | Indian equity benchmarks closed in green on Thursday

At 03:30 PM, #Sensex rose by 96 points to 59,203 & #Nifty by 52 points to 17,564

Here's a look at the stocks in focus: pic.twitter.com/wRjEVuqHHP

— ABP LIVE (@abplive) October 20, 2022

In the broader markets, the BSE MidCap index underperformed peers as it fell 0.18 per cent. The BSE SmallCap index, meanwhile, remain unchanged.

Among sectors, the Nifty Private Bank index declined the most, down 1 per cent. On the contrary, the Nifty PSU Bank index and IT indices climbed over 2 per cent, and 1.4 per cent, respectively.

The overall market sentiment of the 30-share Sensex pack stood positive with 19 scrips advanced while 11 declined.

In the previous session on Wednesday, the BSE benchmark climbed 146 points (0.25 per cent) to settle at 59,107. The NSE Nifty advanced 25 points (0.14 per cent) to end at 17,512.

Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. Stock exchanges in Europe were trading on a mixed note in mid-session deals. Wall Street had ended in the negative territory on Wednesday.

International oil benchmark Brent crude was trading 1.16 per cent higher at $93.48 per barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 453.91 crore, as per exchange data.