Indices break 2-day losing run, Sensex ends up 359 points; Bajaj twins lead

[ad_1]

Scholarship updates: After two consecutive days of decline, the Bulls made a comeback to D-Street on Thursday, led by broad buys amid the expiration of weekly options. Among the benchmarks, the S&P BSE Sensex finished at 52,300, up 359 points, or 0.69 percent, while the Nifty50 closed the session at 15,738, up 102 points, or 0.65 percent.

Bajaj Finance, Bajaj Finserv, State Bank of India, IndusInd Bank and ITC were the biggest winners of Sensex. On the other hand, Bajaj Auto, Maruti Suzuki and PowerGrid were the biggest laggards.

Meanwhile, broader markets extended their outperformance, with the S&P BSE MidCap and SmallCap indices closing out the session, up 1.26 percent and 1.73 percent, respectively.

Among other individual stocks, Bata India shares rose 6 percent to Rs 1,657.50 on the BSE in intra-day trading on Thursday, nearly reaching the 52-week high of Rs 1,705. The stock closed the session slightly lower at Rs 1,635, up 5 percent on the day.

In addition, shares of the recently listed Easy Trip Planners hit a new high of Rs 430.35 after rising 10 percent today. The stock closed the session at its high for the day.

All of Nifty’s sector indices, except the Nifty Auto Index, closed in green, with the Nifty Realty Index and the Nifty PSU Bank Index finishing 3 percent and 2 percent higher, respectively.

Global Markets

Global stocks hovered close to an all-time high and the dollar also held steady on Thursday, watching US inflation data for any sign that the Federal Reserve could begin winding down its massive stimulus package.

In early European trades, the pan-regional STOXX Europe 600 index rose 0.1 percent after rising overnight in Asia, where the broadest MSCI index of Asia-Pacific stocks outside Japan rose 0.5 percent . The Nikkei in Tokyo rose 0.3 percent and the Kospi in South Korea also gained 0.3 percent. In Hong Kong, the Hang Seng rose 0.2 percent.

US stock futures pointed to an opening on Wall Street.

Elsewhere, oil prices fell as inventory data in the United States, the world’s largest oil consumer, showed a rise in gasoline inventories, pointing to weaker-than-expected fuel demand at the start of the summer, the country’s peak motoring season. Brent oil futures last fell 37 cents to $71.85 a barrel.

(with input from Reuters)



[ad_2]

picture credit

Related Posts