Tech Mahindra, Axis Bank, ICICI Bank, M&M, Bharti Airtel, SBI, UltraTech Cement, IndusInd Bank and Asian Paints emerged as the biggest gainers.
Tech Mahindra, Axis Bank, ICICI Bank, M&M, Bharti Airtel, SBI, UltraTech Cement, IndusInd Bank and Asian Paints emerged as the biggest gainers.
Benchmark stock indices rebounded nearly 1% on Thursday after two days of losses in banking, IT and auto stocks and a largely positive trend in global markets.
The 30-share BSE Sensex ended 659.31 points or 1.12% higher at 59,688.22. It jumped 683.05 points or 1.15% to 59,711.96 during the day.
The broader NSE Nifty ended 174.35 points or 0.99% higher at 17,798.75.
Tech Mahindra, Axis Bank, ICICI Bank, Mahindra & Mahindra, Bharti Airtel, State Bank of India, UltraTech Cement, Bajaj Finserv, IndusInd Bank and Asian Paints were the top gainers in the Sensex stocks.
Tata Steel, NTPC, Titan, Nestle and Power Grid were among the laggards.
Vinod Nair, Head of Research, said, “Due to softening oil prices, domestic financial markets experienced a wave of optimism tracking strength in global markets, easing investor concerns about rising inflation. Despite premium valuations, persistent FIIs Flow is helping Indian markets to remain resilient.” Geojit Financial Services.
Elsewhere in Asia, markets in Seoul and Tokyo ended in the green, while Shanghai and Hong Kong closed lower.
Equities in Europe were trading on a mixed note during mid-session deals. On Wednesday, the US markets closed with a lot of momentum.
Meanwhile, international oil benchmark Brent crude fell 0.49% to $87.57 a barrel.
Foreign institutional investors (FIIs) were net buyers as they bought shares worth ₹758.37 crore on Wednesday, according to exchange data.