After a day’s pause, the Indian markets on Thursday closed at fresh life high levels, as Sensex breached 57850, while Nifty ended near 17250 levels. The strength in the benchmark Indices is mostly led by FMCG, information and technology, pharma and banking stocks today.    

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The BSE Sensex soared over 514 points or 0.9 per cent to 57852.54, while Nifty50 gained over 157 points or 0.92 per cent to 17234 levels at the market close on Thursday. While the mid-cap index following the benchmarks suite closed over 287 points or 1 per cent higher to 28916.65 levels.  

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Nifty Bank also fuelled the Nifty50’s surge and gained by 257 points or 0.7 per cent to 36,831.3 levels, mainly led by Kotak Mahindra Bank and IndusInd Bank.           

Out of 50 scrips on Nifty50, 35 advanced, 13 declined and two remained unchanged at the market close on Thursday. Shree Cement jumped most in the trade today by over 6 per cent, followed by HDFC Life gained over 5.5 per cent, while Cipla and TCS grew by over 3 per cent at the close today.

Other stocks such as HUL, Ultratech Cement, Kotak Bank, Nestle India, SBI Life and Britannia gained between 2-3 per cent in the positive market today. 

On the contrary, Mahindra and Mahindra for the second straight session continued their declining trend and slumped by over 2 per cent, dragging the Nifty Index most, followed by Bajaj Auto, ONGC, Tata Motors and Divis Lab slipping by around 1 per cent in the record-high market on Thursday.

Almost all the sectoral indices closed in the green, except for the Nifty Auto PSU Bank. Nifty FMCG, information, and technology ended highest than peers by around 1.5 per cent, while Nifty pharma and banking stocks also propelled the market’s surge on Thursday.