Closing Bell: Sensex jumps 443 points, Nifty closes at 15,556
- Sensex rose by 443.19 points or 0.86% to close at 52,265.72
- Nifty rallied 143.35 points or 0.93% to 15,556.65
- Rupee closed at its all-time low of 78.32 against the US dollar
Indian equity benchmarks rebounded on Thursday to close higher by nearly 1% on gains in banking, IT and auto shares amid mixed global trends.
The BSE Sensex rose by 443.19 points or 0.86% to close at 52,265.72. During the day, it rallied 694.26 points or 1.33% to 52,516.79. The NSE Nifty rallied 143.35 points or 0.93% to 15,556.65.
The broader indices ended in green with the BSE Mid cap index rising by 1.40%, while Small cap index was up by 1.18%. On the sectoral front, Auto was up by 4.42%, Consumer Disc was up by 2.40%, IT was up by 1.87%, TECK was up by 1.85% and Telecom was up by 1.81%, while Energy down by 0.47% and Oil & Gas down by 0.29% were the only losing indices on BSE.
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Major gainers from the Sensex pack were Maruti Suzuki up by 6.33%, M&M up by 4.41%, Asian Paints up by 3.39%, Bharti Airtel up by 2.96%, TCS up by 2.70%, Wipro up by 1.97%, Hindustan Unilever up by 1.94%, Sun Pharma up by 1.94% and ICICI Bank up by 1.86%.
Among the losers were Reliance down by 1.62%, NTPC down by 0.94% and Power Grid Corp down by 0.90%.
The rupee closed at its all-time low of 78.32 against the US dollar.
The US stock markets closed marginally lower on Wednesday.
"The Indian markets opened on a positive note following Asian market peers which were trading mostly in the green led by China. During the afternoon session markets trimmed some of their gains as European markets struggled to shrug-off recession fears but managed to trade in the green," said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
The BSE Sensex plunged 709.54 points or 1.35% to close at 51,822.53 on Wednesday. The NSE Nifty tanked 225.50 points or 1.44% to settle at 15,413.30.
Brent crude, the international oil benchmark declined 1.92% to USD 109.60 per barrel.
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According to stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,920.61 crore on Wednesday.