Indian benchmark indices staged a strong rally on Thursday, with the Sensex and Nifty50 rising around 1.5% each, supported by robust buying across auto, IT and private banking stocks, along with gains in Reliance Industries following the announcement of the Jio Platforms IPO.
The rally reflected a broad-based recovery in market sentiment, with investors stepping up purchases across key sectors.
The 30-share benchmark index ended at 74315.61 up by 1533.72 points or by 2.11 % and then NSE Nifty was at 22997.35 up by 374.65 points or by 1.66 %.
Sensex touched intraday high of 74330.29 and intraday low of 72896.38 The NSE Nifty touched intraday high of 23056.4 and intraday low of 22637.4
The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1648.70,+4.61%), ICICI Bank Ltd. (Rs. 1395.00,+4.17%), Reliance Industries Ltd. (Rs. 1223.30,+4.03%), Bharti Airtel Ltd. (Rs. 1852.00,+2.94%), Eternal Ltd. (Rs. 324.35,+2.77%), among others.
The top losers of the BSE Sensex pack were Bharat Electronics Ltd. (Rs. 379.80,-0.60%), Trent Ltd. (Rs. 2948.35,-0.58%), Hindustan Unilever Ltd. (Rs. 1894.20,-0.15%), among others.
TECk index was at 15354.28 up by 313.76 points or by 2.09%. Tata Communications Ltd. (Rs. 1767.20,+6.52%), Bharti Hexacom Ltd. (Rs. 1649.55,+4.75%), Mahindra & Mahindra Ltd. (Rs. 1648.70,+4.61%), Bharti Airtel Ltd. (Rs. 1852.00,+2.94%), HCL Technologies Ltd. (Rs. 1363.30,+2.58%),.
CGS index was at 73381.29 down by -1834.49 points or by -2.44%. Bharat Heavy Electricals Ltd. (Rs. 434.70,-6.21%), Siemens Energy India Ltd. (Rs. 2965.00,-5.74%), Apar Industries Ltd. (Rs. 16909.30,-5.69%), GE Vernova T&D India Ltd. (Rs. 3952.00,-5.68%), Carborundum Universal Ltd. (Rs. 1104.70,-5.62%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4806 , shares advanced were 1826 while 2775 shares declined and 205 were unchanged