Closing Bell! Share Market closes at record high for third day in row, Sensex up over 550 pts, Nifty above 18300; Wipro jumps 5%
Surging for the sixth straight session on Thursday, the Indian markets witnessed a record closing high, as Sensex ended over 61300-mark and Nifty above 18300-level for the first time ever in history. The surge majorly came from metal, IT, banking, and financial stocks.
Surging for the sixth straight session on Thursday, the Indian markets witnessed a record closing high, as Sensex ended over 61300-mark and Nifty above 18300-level for the first time ever in history. The surge majorly came from metal, IT, banking, and financial stocks.
The BSE Sensex gained 568 points or 0.94 per cent at 61, 305.95; while Nifty50 grew over 176 points or 0.97 per cent to 18338.55. Even the mid-cap index closed at a record high to end for the first time above 32500-mark, up over 209 points or 0.65 per cent.
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With private lenders surging, Nifty Bank also closed at record high levels to 39,340.9, up over 705 points or 1.8 per cent, as HDFC Bank and ICICI Bank soared most at the close today.
As many as 34 stocks advanced and 16 declined on the Nifty50 index at the market close today. Adani Ports gained most by over 7 per cent, followed by Wipro up over 5 per cent amid strong Q2 result, while Grasim ended over 4.5 per cent in the record closing high market on Thursday.
Similarly, HDFC Bank, ITC, Power Grid, Divis Lab, ICICI Bank, IOC, Tech Mahindra, and NTPC each gained between 2-3 per cent at the market close today.
On the contrary, Coal India declined most in an otherwise positive market on Thursday, followed by Tata Motors down over 2 per cent, a profit booking was visible in the stock after a rally of over 20 per cent on Wednesday. While Eicher Motors was down near 2 per cent and HCL Tech ahead of Q2 results today also slumped over 1.5 per cent, similarly, HDFC Life and TCS slipped around 1 per cent.
Almost all sectoral indices gained, except Auto stocks, down near 0.6 per cent. Nifty Bank jumped most around 2 per cent, followed by metal, pharma, IT and FMCG stocks during Thursday’s trade.
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