Progressive Global sentiments and bullish trend in Dalal Street saw the domestic Benchmark Indices rising on Thursday as they covered the losses sustained in the previous day. Almost all the sectors of the market witnessed purchases particularly Realty companies with the support of Q2 sales figures. Auto stocks and IT sector played an active role in the market.
The 30-share pack Sensex went up 488.10 points or 0.82 to close at 59,677.83. NSE Nifty moved ahead 144.35 points or 0.82 per cent to 17,790.35.
During the day Titan went up 11 per cent after business recovered to Pre-Covid level while Tata Motors increased 13 per cent after Morgan Stanley upgraded stock. ONGC eased 4 per cent following reasonable crude oil prices. Paras Defense hit 5 per cent upper circuit again today while India VIX, the barometer of volatility and fear, eased 7 per cent.
Among the top most companies, Tata Motors was the top gainer, rising 12.63 per cent. The other gainers were Titan, M&M, Maruti Suzuki, Eicher Motors, IndusInd Bank, Sun Pharma, Asian Paints and Tech Mahindra.
In the Nifty pack, the topmost loser was ONGC which slipped 4.46 per cent. Dr Reddy’s Labs, Coal India, Divi’s Labs, Britannia Industries, HDFC, Nestle India, Bajaj Finserv and HUL ended in the Red.
Broader Market Indices ended higher outperforming their headline peers. Nifty Smallcap increased 1.22 per cent and Nifty Midcap went ahead 1.88 per cent. Nifty 500, the broadest index on NSE, ended up 1.03 per cent.
The Market Breadth was in favour of gainers as 2220 stocks ended in the green while 1079 others settled with cuts. A total of 346 securities hit the 52-week highs mostly from smallcap space. Stocks of 15 companies hit the 52-week lows mostly from Midcap space. Almost 460 stocks hit the upper circuit limits and another 145 lower circuit limits.
