Stock / stock highlights: The benchmark stock indices on the BSE and the National Stock Exchange (NSE) surged over 0.5 percent and ended at new record highs on Thursday, led by gains in banking, financial and fast moving consumer goods (FMCG) stocks.
The S&P BSE Sensex rose 417.96 points (0.63 percent) and ended above the 59,000 mark for the first time on a record closing high of 59,141.16. The BSE benchmark had previously broken the 59,000 mark for the first time by 481.09 points (0.82 percent) and reached a new intraday record high of 59,204.29.
Likewise, the Nifty 50 rose 110.05 points (0.63 percent) and ended at an all-time high of 17,629.50. The NSE barometer had previously broken the 17,600 mark for the first time and reached a record high of 17,644.60.
IndusInd Bank was the top winner of the day in the Sensex pack with an increase of over 7 percent. ITC, State Bank of India (SBI), Reliance Industries (RIL), Kotak Mahindra Bank and ICICI Bank followed. The laggards included Tata Consultancy Services (TCS), Tata Steel, Tech Mahindra, Bharti Airtel, HCL Technologies and Dr. Reddy’s Laboratories.
Among the sector indices on NSE, the Nifty Bank Index rose 2.22 percent on Thursday, led by Punjab National Bank, IndusInd Bank and SBI. The Nifty Financial Services Index rose 1.09 percent, supported by Cholamandalam Investment and Finance Company and Shriram Transport Finance Company. The Nifty FMCG index also rose 1.24 percent, led by ITC and Procter & Gamble Hygiene and Health Care.
In the broader market, the S&P BSE MidCap ended at 25,336.56, up 120.60 points (0.48 percent), while the S&P BSE SmallCap settled at 28,306.05, up 21.98 points (0.40 percent). 08 percent). The volatility index, or India VIX, rose 4.97 percent to 14.4125.
(with inputs from agencies)
