Sensex Snaps 3-Day Losing Run, Jumps 503 Points; Nifty Ends Above 16,150
Indian equity benchmarks rose on Thursday, halting a three-day plunge in a volatile trading session. The domestic indices fluctuated between gains and losses during intraday deals before settling higher, led by buying in banking and metal stocks.
The 30-share BSE Sensex surged 503 points or 0.94 per cent to close at 54,253, while the broader NSE Nifty moved 144 points or 0.90 per cent up to settle at 16,170. Sensex swung in a band of 921 points during today's session.
Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 climbed 1.35 per cent and small-cap moved 0.77 per cent higher.
14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty Bank and Nifty Metal outperformed the platform by rising as much as 2.20 per cent and 2.67 per cent, respectively.
On the stock-specific front, Tata Steel was the top Nifty gainer as the stock soared 5.08 per cent to Rs 1,049.90. Apollo Hospitals, JSW Steel, SBI and HDFC Bank were also among the gainers.
The overall market breadth stood positive as 1,770 shares advanced while 1,530 declined on BSE.
On the 30-share BSE index, Tata Steel, SBI, HDFC Bank, Axis Bank, ICICI Bank, Nestle India, HDFC, Wipro, TCS, Tech Mahindra, UltraTech Cement and Titan were among the top gainers.
In contrast, Sun Pharma, Reliance Industries, Hindustan Unilever, L&T and Dr Reddy's settled in the red.
