Stock Market Update: Domestic benchmark indices BSE Sensex and Nifty 50 ended at a record closing high on Thursday which was led by some impressive gains in metals, realty and financial stocks.
As per reports, BSE Sensex surged 383 points or 0.74 per cent to end at record closing high of 52,232, while Nifty 50 index jumped 115 points to end at its lifetime peak of 15,690.35.
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Titan company was the top performer in BSE club, surging nearly 7 per cent followed by ONGC, L&T, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Asian Paints, Housing Development Finance Corporation (HDFC), Nestle India and others.
On the other hand, IndusInd Bank, PowerGrid, Bajaj Auto, M&M and Dr Reddy's were among the laggards.
While speaking on the occassion with news agency PTI, Binod Modi, Head - Strategy at Reliance Securities said that domestic equities remained upbeat with benchmark indices recording fresh highs.
Rebound in heavyweight financial services supported the market once again, he said, adding that realty followed by FMCG and metals also witnessed sharp recovery.
Meanwhile, IT, pharma and auto witnessed some amount of pressure.
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"Notably, midcap and small cap stocks continued to outperform broader indices as improved prospects of sustainable earnings recovery continue to attract investors towards this space," Modi noted.
Even rupee snapped its three-day losing streak and closed 18 paise higher at 72.91 (provisional) against the US dollar on Thursday, supported by domestic equities' mega rally.
At the interbank forex market, the local unit opened on a weak note at 73.17 against the greenback and witnessed an intra-day high of 72.90 and a low of 73.18.