FINAL TRADE: Nifty reclaims 22,550, Sensex leaps 486.5 pts led by financial stocks

Stock Market Today: Extending the rally for the fifth consecutive session, domestic blue-chip indices Nifty50 and Sensex settled higher led by financial stocks. The Nifty index ended 167.95 points, or 0.75 per cent, higher at 22,570.35, while the Sensex settled with gains of 486.50 points, or 0.66 per cent, at 74,339.44.

Axis Bank, State Bank of India, Dr Reddy's, Nestle and Hero MotoCorp were the top gainers in the Nifty50 basket. On the other hand, Kotak Mahindra Bank, Hindustan Unilever, Titan, and SBI Life were the other major laggards.

The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank and ICICI Bank, closed with a gain of 305.95 points, or 0.63 per cent, at 48,494.95. Nifty Midcap 100 and Nifty Smallcap 100 gauges gained 0.47 per cent and 0.84 per cent for the day, respectively.

Global Market

European stocks edged lower on Thursday as traders gauged mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh peaks.

The pan-European STOXX 600 index was down 0.1 per cent, as of 0857 GMT, dented by losses in food and beverage and industrial goods sectors.

Weighing on the food and beverage sector, Nestle (NESN.S) dropped 3.4 per cent after the world's biggest packaged food company missed estimates for first-quarter organic sales growth.

(with agency inputs)

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