Titan was the top gainer in the Sensex pack, rising over 10%, followed by M&M, Maruti, IndusInd Bank, Asian Paints, Sun Pharma, HCL, TCS, Tech Mahindra and ICICI Bank.
Equity benchmark Sensex rose 488 points on Thursday, tracking gains in Titan, TCS and ICICI Bank amid a positive trend in global equities.
The 30-share BSE index ended 488.10 points or 0.82% higher at 59,677.83. Similarly, the NSE Nifty rose 144.35 points or 0.82% to 17,790.35.
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Titan was the top gainer in the Sensex pack, rising over 10%, followed by M&M, Maruti, IndusInd Bank, Asian Paints, Sun Pharma, HCL, TCS, Tech Mahindra and ICICI Bank.
On the other hand, Dr Reddy’s, HDFC, Bajaj Finserv, Nestle India and HUL were among the laggards.
“Bulls pushed the accelerator ahead of RBI policy led by auto indices, which were up 4.5 per cent in afternoon trade. We saw activity in textiles, consumer durables and real estate stocks as the festive season began,” s. Ranganathan, Head of Research, LKP Securities.
The IT index gave good support ahead of earnings opening Friday.
“While the market would be eager to see RBI’s stance tomorrow, the market was wide open and the small and midcap indices were full of optimism,” he added.
Elsewhere in Asia, shares ended with significant gains in Hong Kong, Seoul and Tokyo. Shanghai was closed for the holidays.
Stock exchanges in Europe were also trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude slipped 0.97% to $80.29 a barrel.
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