The domestic stock market indices posted their close on a positive note. The S&P BSE Sensex rallied 282.48 points, or 0.78% per cent, to close at 36,548.41. The NSE’s Nifty50 index surged 74.90 points or 0.68% per cent and settled at 11,023.20. The BSE index on Thursday registered all-time record high closing while the Nifty50 index crossed the 11,000 mark after a gap of five months.The domestic stock markets were high today due to upbeat investor sentiments and positive global cues, analysts said. The lead was driven by gains in financial stocks such as HDFC Bank Ltd and energy shares including Reliance Industries Ltd as optimism around corporate earnings and stronger Asian shares also heightened sentiment.
Major gainers in the Sensex pack were Reliance, Wipro, Larsen & Tourbo, Hindustan Unilever, SBIN and HDFC, rising between 2.03 per cent to 3.05 per cent. Top laggards on the BSE index were HeroMotoCorp, Adani Ports, Mahindra & Mahindra, Bajaj Auto, Infosys and Vedanta, ending with losses between 1.35 per cent to 4.21 per cent.
Reliance, BPCL, Dr Reddy’s, Wipro and Bajaj Finance (rising between 2.41 per cent to 3.96 per cent) were leading the pack of Nifty gainers, while main losers on the index were UPL, Vedanta, Bajaj Auto, Infosys and Grasim, ending with losses between 1.82 per cent to 4 per cent.
Reliance Industries surged 4.7 per cent and was the top gainer on the indexes, while HDFC Bank rose 1.2 percent. Shares of oil marketing companies and airlines jumped after crude oil prices posted their biggest one-day drop in two years. Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd and Indian Oil Corp Ltd gained over 4 per cent each. Interglobe Aviation Ltd and Jet Airways (India) Ltd rose as much as 5 per cent and 6 percent, respectively.
Among the gainers, Dr.Reddy’s Laboratories Ltd jumped as much as 3.8 per cent to its highest level since June 21 after British drugmaker Indivior lowered its full-year sales forecast.
Meanwhile, investors are awaiting May industrial growth (IIP) data and June retail inflation (CPI) data due later in the day. (With Reuters inputs)
Source: NDTV Profit