Sensex ends over 400 points higher, Nifty above 24,700; Eternal gains 5%
Benchmark stock market indices closed higher on Thursday, in a volatile session, as investors await the rate-cut decision by the monetary policy committee of the Reserve Bank of India (RBI).The S&P BSE Sensex was up by 443.79 points to end at 81,442.04, while the NSE Nifty50 gained 130.70 points to close at 24,750.90.Ajit Mishra – SVP, Research, Religare Broking Ltd, said that markets witnessed volatility on the weekly expiry day but managed to close in the green.advertisement
"A lack of strong cues from global markets led to a flat start for the Nifty, followed by a swift recovery in the first half. However, profit-taking in the latter half significantly trimmed the gains, and the index finally settled at the 24,750.90 level," he added.The BSE Sensex closed with gains led by a few heavyweight stocks that posted gains during the session. Eternal emerged as the top performer, surging 4.50%, followed by PowerGrid Corporation of India which climbed 1.99%.ICICI Bank also showed good performance, gaining 1.65%, while Reliance Industries rose 1.37%. Adani Ports and Special Economic Zone rounded out the top five gainers with an increase of 1.35%.However, the closing session witnessed selling pressure on certain stocks, with IndusInd Bank bearing the brunt of the decline, falling 1.41%. Axis Bank also faced heavy selling, retreating 1.06%, while Bajaj Finserv declined 0.63%. Bajaj Finance dropped 0.57%, and Maruti Suzuki India Limited completed the list of worst performers with a loss of 0.34%.advertisement
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