The BSE Sensex surged nearly 2,009 points, while the NSE Nifty gained 576 points on Thursday, driven by a sharp fall in crude oil prices and growing optimism over a possible resolution to the West Asia conflict following the US midterm election results.
Sustained foreign fund inflows and a strong rally in US markets further boosted investor sentiment.
The 30-share benchmark index ended at 79310.01 up by 2008.61 points or by 2.6 % and then NSE Nifty was at 24536.6 up by 576 points or by 2.4 %.
The top gainers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 1070.20,+7.77%), InterGlobe Aviation Ltd. (Rs. 5438.00,+5.80%), ICICI Bank Ltd. (Rs. 1499.30,+5.29%), Maruti Suzuki India Ltd. (Rs. 12601.10,+5.28%), Mahindra & Mahindra Ltd. (Rs. 3104.00,+5.15%), among others.
The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 316.40,-1.65%), Bharat Electronics Ltd. (Rs. 394.85,-0.57%), Adani Ports & Special Economic Zone Ltd. (Rs. 1897.00,-0.53%), Power Grid Corporation of India Ltd. (Rs. 261.00,-0.38%), ITC Ltd. (Rs. 278.65,-0.38%), among others.
Auto index was at 60558.15 up by 2402.51 points or by 4.13%. UNO Minda Ltd. (Rs. 1334.00,+11.45%), Ashok Leyland Ltd. (Rs. 170.20,+10.52%), Balkrishna Industries Ltd. (Rs. 2406.20,+7.23%), MRF Ltd. (Rs. 125855.00,+6.69%), Tata Motors Ltd. (Rs. 428.75,+6.44%),.
CGS index was at 71432.28 down by -1498.89 points or by -2.06%. Cummins India Ltd. (Rs. 4069.05,-14.32%), Kirloskar Oil Engines Ltd. (Rs. 1593.05,-11.70%), CG Power and Industrial Solutions Ltd. (Rs. 809.45,-3.85%), Siemens Energy India Ltd. (Rs. 2860.80,-3.35%), GE Vernova T&D India Ltd. (Rs. 4133.70,-3.08%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4872 , shares advanced were 3140 while 1530 shares declined and 202 were unchanged.