Stock Market Closing Bell: Sensex Gains 86 Points, Nifty Closes At 20,133. UltraTech Up 3%

On the 30-share Sensex platform, UltraTech Cement, Sun Pharma, and Wipro emerged as prime gainers. On the downside, IndusInd Bank, PowerGrid, Reliance, and Tata Motors were among the losers.

The two key equity benchmarks, Sensex and Nifty, on Thursday ended trading in green, after seeing a market session dominated by robust listing debuts from Tata Technologies and Gandhar Oil. The S&P BSE Sensex surged 86.53 points to close at 66,988.44. On the other hand, the NSE Nifty50 settled above the 20,000-mark for the second consecutive trading session at 20,133.15. 

On the 30-share Sensex platform, UltraTech Cement, Sun Pharma, Bharti Airtel, M&M, and Wipro emerged as prime gainers. On the downside, IndusInd Bank, PowerGrid, Reliance, Asian Paints, and Tata Motors were among the losers.

The broader markets closed trading entirely in green, with the Nifty Microcap 250 index up by 1.15 per cent, and the Nifty Smallcap 100 index up by 1.14 per cent.

Sectorally, most of the indices ended in the green. The Nifty PSU bank led the losses with a drop of 1.10 per cent in the day, followed by Private Bank, Bank, and IT indices. Among the others, Nifty Healthcare Index and Nifty Pharma logged the highest gains with an increase of 1.78 per cent and 1.56 per cent respectively. 

In the previous session on Wednesday, the S&P BSE Sensex surged 728 points to close at 66,902, and the NSE Nifty50 closed above the 20,000-mark for the first time after more than two months at 20,097, up 207 points.

Among specific stocks on the Nifty, UltraTech Cement registered gains of over 3 per cent, followed by HDFC Life and Apollo Hospitals which each saw an increase of more than 2 per cent during the day.

Meanwhile, the Indian rupee depreciated 7 paise to close at 83.39 (provisional) against the US dollar on Thursday, after opening at 83.31 against the greenback in morning trade.

The domestic unit opened Thursday trading at 83.31 against the dollar and appreciated by 2 paise to 83.30 in early trade, owing to a strengthening American currency overseas and increasing crude oil prices. Earlier on Wednesday, the Indian currency settled at 83.32 against the American greenback, boosted by robust buying in equity markets and the inflow of foreign funds. 

While Tata Technologies made an impressive debut in the market, registering a 140 per cent premium over the issue price, Gandhar Oil Refinery also made a robust entry, logging a premium of almost 75 per cent over the issue price during its maiden listing on the BSE.