Stock Markets Close: Sensex Jumps Nearly 500 Points, Nifty Closes Above 21,600, Realty Hits Record High

In the broader markets, the indices closed trading in green. The Nifty Midcap 50 and Nifty Midcap 100 indices led the gains and climbed 1.73 per cent and 1.68 per cent respectively during the day

The two key equity benchmarks, Sensex and Nifty, on Thursday, attempted recovery of the week’s market sessions and closed trading in green. The S&P BSE Sensex climbed nearly 500 points to close at 71,847.57, while the NSE Nifty50 jumped nearly 150 points to settle at 21,658.60. 

On the 30-share Sensex platform, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the prime gainers. On the flip side, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement were among the losers during the day. 

In the broader markets, the indices closed trading in green. The Nifty Midcap 50 and Nifty Midcap 100 indices led the gains and climbed 1.73 per cent and 1.68 per cent respectively during the day. 

Sectorally, the Nifty Realty led the indices and gained nearly 7 per cent and hit a fresh 52 week high during the day. Among others, the Nifty Financial Services 25/50 and Financial Services indices led the gains and jumped 1.54 per cent and 1.22 per cent respectively in the day. 

In the previous trading session on Wednesday, the two key equity benchmarks, Sensex and Nifty, closed trading in red. The S&P BSE Sensex dipped below 71,500 and dropped more than 500 points to close at 71,356.60, while the NSE Nifty50 nearly 150 points to settle just above the 21,500 mark at 21,516.75. 

The domestic rupee appreciated 7 paise to close at 83.23 (provisional) against the US dollar on Thursday, helped by a bullish trend in domestic equities and weakness of the American currency in the overseas market. However, forex traders noted that surging crude oil prices limited sharp gains for the Indian unit. At the interbank foreign exchange, the domestic currency opened at 83.30 and traded between 83.32 and 83.21, before settling at 83.23 against the American dollar. A day earlier, the Indian currency closed at 83.30 against the greenback. 

Brent crude futures, the global oil benchmark, advanced 1.05 per cent to $79.07 per barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 666.34 crore on Wednesday, exchange data revealed.