Final Trade: There was strong action in the stock market on Thursday, Sensex closed at 70,865, Nifty at 21280.

Stock Market: Major indices of the market closed in the green. Sensex rose 358 points to 70,865, which also slipped to 69,920 intraday. Nifty also closed at 21280 with a gain of 130 points. The index slipped to 20976 in the trading session.