Although the markets were volatile, the benchmark indices on Thursday ended on a higher pedestal after a three-day fall in succession. Strong Global hues gave a boost to the investors’ sentiments resulting in heavy buying in Metals and some IT stocks.
The 30-share pack Sensex moved upwards 209.36 points or 0.40 per cent to close at 52,653.07 while its broader peer NSE Nifty climbed 69.05 points or 0.44 per cent to 15,778.45. BSE Midcap and smallcap index gained upto one per cent.
Tatva Chintan Pharma Chem went up 113 per cent to Rs 2310.25. It got listed at a hefty premium of 95 per cent and further moved up 9 per cent during the day.
Increase in prices of raw materials and opening of economy raised the demand for Paper stocks. N R Agarwal industries rose 20 per cent to Rs 301.70 while South India Paper Mills, Nath Industries and Pudumjee Paper Products added 6 per cent each.
Swan Energy gained as the scrip ended at Rs 175.55, an increase by 20 per cent.
The Metal stocks were the top gainers during the day as the announcements of earnings poured in and the outlook for the business in this area segment appeared to be bright.
Hindalco went up 10 per cent to Rs 458.25 while National Aluminum, Vedanta, Tata Steel and SAIL added 6 to 8 per cent each.
Among the losers were HSIL, Geojit Financial Services, P C Jewellers, IT solution provider ‘Ramco System’ and Alkyl Amines Chemicals.
