Stock Market Closing Bell: For the second straight day, the domestic market indexes, the Sensex and Nifty, saw gains of around 1%. The Nifty 50 index of the top 50 equities on the NSE finished over 22,500 points on Thursday, marking a second day of gains after strong purchasing in Reliance Industries on a decline in crude oil prices, while the BSE Sensex increased by around 610 points to reach the 74,000 milestone. The 30-share BSE Sensex recovered from an earlier dip and closed the day up 609.86 points, or 0.83 percent, at 74,340.09.
It had increased 660.57 points, or 0.89 percent, over the day to reach a peak of 74,390.80. At 22,544.70, the wider NSE Nifty ended the day 207.40 points, or 0.93 percent, higher. The 50-share index increased 219.15 points, or 0.98 percent, during the session to reach a peak of 22,556.45.
Gainers: Among the top gainers from the Sensex pack were NTPC, Asian Paints, Reliance Industries, Tata Steel, Bajaj Finserv, Adani Ports & SEZ, Sun Pharmaceuticals, Hindustan Unilever, Axis Bank, Tata Consultancy Services, Titan, and Bajaj Finance.
Top losers: Tata Motors, Tech Mahindra, Zomato, Kotak Mahindra Bank, and IndusInd Bank all had poor results. With the BSE Smallcap gauge up 1.63 percent and the Midcap index up 0.65 percent, the larger markets also saw gains.
Global marketplaces
Seoul, Hong Kong, Shanghai, and Tokyo were all trading in positive territory on the Asian markets. In contrast, there was volatility in the European markets. On Wednesday, the U.S. stock market closed in a positive zone. Brent crude, a global oil benchmark, increased by 0.52% to $69.66 a barrel.
FIIs are still pulling out.
According to exchange statistics, shares valued at Rs 2,895.04 crore were sold by foreign institutional investors (FIIs) on Wednesday. On Wednesday, the BSE Sensex finished at 73,730.23, up 740.30 points. At 22,337.30, the NSE Nifty ended the day 254.65 points higher.