Stock Market Today: Nifty Settles Above 24,700, Sensex Rises 810 Points

Stock Market Today: Key gainers on the BSE Sensex included TCS, Infosys, Titan Company, Airtel, and Bajaj Finance. On the downside, NTPC, Asian Paints, and IndusInd Bank were the biggest losers

Stock Market Today: The BSE midcap and smallcap indices closed with modest gains

Source : PTI

Stock Market Today: In another volatile session on Thursday, the Indian equity market ended on a positive note, with the Nifty closing above 24,700. This marked the fifth consecutive day of gains, driven by broad-based buying across most sectors, except for real estate stocks.

At the close, the Sensex was up by 809.53 points or 1 per cent at 81,765.86, while the Nifty gained 240.95 points or 0.98 per cent to end at 24,708.40.

Despite mixed global cues, Indian indices opened slightly higher but gave up all gains, trading rangebound in the first half of the session. However, buying momentum in the latter half pushed the Nifty above 24,800, though it retraced most of those intraday gains as investors remained cautious ahead of the Reserve Bank of India's policy announcement tomorrow.

Key gainers on the BSE Sensex included TCS, Infosys, Titan Company, Airtel, and Bajaj Finance. On the downside, NTPC, Asian Paints, and IndusInd Bank were the biggest losers. Except for the Realty and PSU Bank indices, all other sectoral indices ended in the green, with the Information Technology index leading the gains, rising nearly 2 per cent.

The BSE midcap and smallcap indices closed with modest gains. Over 230 stocks hit their 52-week highs on the BSE, including Affle India, Anand Rathi, CAMS, Caplin Labs, City Union Bank, Coforge, eClerx Services, Federal Bank, HCL Technologies, HDFC Bank, Indian Hotels, Info Edge, KIMS, Laurus Labs, Paytm, PB Fintech, Persistent Systems, Tech Mahindra, Wipro, Zomato, and more.

Rupee Movement 

The rupee bounced back from its all-time low, closing with a modest gain of 3 paise at 84.72 (provisional) against the US dollar on Thursday. In range-bound trade supported by a positive trend in domestic equities, forex traders noted that the rupee's recovery was driven by strength in the domestic markets and an overnight decline in crude oil prices.