Indian markets ended on a positive note on Thursday by buying across the sectors. At Close, the Sensex was up 874.18 points or 1.53% at 57,911.68, and the Nifty was up 256.10 points or 1.49% at 17,392.60. About 2252 shares have advanced, 1089 shares declined, and 96 shares are unchanged.
M&M, HDFC, Asian Paints, Reliance Industries, Maruti Suzuki, Sun Pharma, Kotak Bank, TCS, and Bajaj Finserv advanced between 2 per cent and 3 per cent on the Sensex index, lifting the index for a second day in a row. The upside was, however, challenged by tepid losses in Bharti Airtel, Nestle India, and Tata Steel.
In the broader markets, the BSE MidCap and SmallCap indices rose in tandem with the frontline indices and added up to 1.3 per cent.
Mukesh Ambani-led Reliance Industries (RIL) is set to become India’s first company to hit market capitalisation (m-cap) of Rs 19 trillion after a strong rally over the past three trading days. RIL’s m-cap hit Rs 18.85 trillion intra-day today after the stock price of the company touched a new high of Rs 2,787.10.
Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers, said: “Indian markets opened on a positive note following positive Asian market peers and aided by merger announcement between India’s largest private bank and largest private mortgage lender companies HDFC Bank and HDFC Ltd. During the afternoon session markets maintained its positive momentum. Sentiments were also upbeat as India’s merchandise exports spurt to a record high of $418 billion in 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery, and chemicals.”
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