On Thursday, Indian stock benchmarks closed higher for the third straight day, powered by advances in index heavyweights such as ITC, Larsen & Toubro, and Asian Paints. Due to volatility as weekly index futures and options expired, the benchmarks bounced between gains and losses for most of the day.

Also Read| Trade Setup: Top 15 things to know before market opens on December 10, 2021

Sensex rose 157.45 points or 0.27% to 58,807.13 and the Nifty was up by 47.10 points or 0.27% to 17,516.85 in the previous session. The BSE Sensex touched high and low of 58,889.96 and 58,340.85, respectively and there were 15 stocks advancing against 15 stocks declining on the index while The Nifty traded in a range of 17,543.25 and 17,379.60 and there were 26 stocks advancing against 24 stocks declining on the index.

The broader indices finished in the green; the BSE Mid size index gained 0.38%, while the Small-cap index gained 0.80%. Capital Goods increased by 1.98%, FMCG increased by 1.46%, Energy increased by 1.38% Telecom increased by 1.14%, and Industrials increased by 1.08%, while Bankex decreased by 0.53%, Finance decreased by 0.39%, Consumer Durables decreased by 0.27%, and Realty decreased by 0.15%.

Mahanagar Telephone Nigam, BCL Industries, Rajdarshan Industries, Bedmutha Industries, PDS Multinational Fashions, Alicon Castalloy, and Tanla Platforms made a fresh 52-week high today.

Sinclairs Hotels has announced that it has signed an agreement to acquire on lease an 18 room brand new boutique property in Yangang, Sikkim. This property in South Sikkim will be the ninth property in the Sinclairs chain and its second property in Sikkim.

The shares of Inflame Appliances were seen locked in the upper circuit on Thursday. Inflame Appliances share price gained by 10 percent in Thursday’s trading session with a spurt in volume. 

The shares of JM Financials were seen trending higher by more than 9 percent on Thursday. With the smart gains posted on Thursday’s trading session, the shares of JM Financials are seen closing above the short-term moving averages of 9D SMA and 20D SMA.

The shares of HFCL saw a price volume breakout on Thursday. HFCL is in a strong uptrend. Ever since the stock has given a breakout from the consolidation range the stock is witnessing buying momentum. The shares of HFCL closed near its 52-week highs on Thursday. 

BSOFT, CANBK, CUMMINSIND, DCBBANK, ERIS, EXIDE IND, FORTIS, GSPL, IBULHSGFIN, INTELLECT, JUBLINGREA, L&TFH, PERSISTENT, STAR CEMENT, UNION BANK, WELCORP recovered from their lows.