Indian equity benchmark Sensex climbed 515 points on Thursday
to reclaim the 59,000-mark, on account of heavy buying in IT, banking and
financial stocks amid sustained foreign fund inflows.
The Sensex jumped 515.31 points or 0.88% to close at
59,332.60. The broader NSE Nifty ended 124.25 points or 0.71% higher at 17,659.
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The broader indices ended in green with the BSE Mid cap
index gaining 0.83% and the Small cap index was up by 0.52%. The top gaining
sectoral indices on the BSE were Bankex up by 1.64%, IT up by 1.61%, Consumer
Durables up by 1.35%, Realty up by 1.34% and TECK was up by 1.15%, while FMCG
down by 0.72%, Metal down by 0.16%, Basic Materials down by 0.06%, Telecom down
by 0.04% and Auto down by 0.03% were the losing indices on BSE.
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Top gainer from the Sensex pack were Axis Bank up by 2.75%,
Bajaj Finance up by 2.36%, HDFC up by 2.32%, Tech Mahindra up by 2.12%, TCS up
by 1.98%, SBI up by 1.95%, Wipro up by 1.93%, Kotak Mahindra up by 1.46%, IndusInd
Bank up by 1.45% and HDFC Bank up by 1.42%.
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Among the laggards were ITC down by 1.56%, NTPC down by 1.38%,
HUL down by 1.04%, Bharti Airtel down by 0.76%, Maruti Suzuki down by 0.69%, Nestle
down by 0.65%.
The rupee depreciated by 36 paise to close at 79.61 against
the US dollar.
In Asia, markets in Hong Kong, Shanghai and Seoul settled
with sharp gains, while Tokyo closed in the red. European stock markets were
trading on a negative note in mid-session deals.
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The rally in the domestic markets was supported by a firm
trend in global equities, especially the US gauges and a subsequent rally in
Asian indices, traders said.
Wall Street closed with significant gains on Wednesday after
US data showed that inflation eased more than expected in July, indicating that
the Federal Reserve might be less aggressive in hiking interest rates.
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Brent crude, the international oil benchmark jumped 0.92% at
$98.30 per barrel.
According to stock exchange data, foreign institutional
investors (FIIs) were net buyers in the Indian capital market as they purchased
shares worth Rs 1,061.88 crore on Wednesday.