Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) climbed over 0.5 per cent higher to end at fresh record highs on Thursday led by gains in banking, financial and fast-moving consumer goods (FMCG) stocks.
The S&P BSE Sensex rose 417.96 points (0.63 per cent) to end above the 59,000 mark for the first time at a record closing high of 59,141.16. Earlier in the day, the BSE benchmark had surged 481.09 points (0.82 per cent) to breach the 59,000-mark for the very first time and hit a fresh record intraday high of 59,204.29.
Likewise, the Nifty 50 climbed 110.05 points (0.63 per cent) to end at an all-time high of 17,629.50. The NSE barometer had earlier breached the 17,600-mark for the first time ever to touch a record high of 17,644.60.
IndusInd Bank was the top gainer of the day on the Sensex pack surging over 7 per cent. It was followed by ITC, State Bank of India (SBI), Reliance Industries (RIL), Kotak Mahindra Bank and ICICI Bank. Among laggards were Tata Consultancy Services (TCS), Tata Steel, Tech Mahindra, Bharti Airtel, HCL Technologies and Dr. Reddy’s Laboratories.
Among the sectoral indices on NSE, the Nifty Bank index gained 2.22 per cent on Thursday led by Punjab National Bank, IndusInd Bank and SBI. The Nifty Financial Services index rose 1.09 per cent aided by Cholamandalam Investment and Finance Company and Shriram Transport Finance Company. The Nifty FMCG index too inched up 1.24 per cent led by ITC and Procter & Gamble Hygiene and Health Care.
In the broader market, the S&P BSE MidCap ended at 25,336.56, up 120.60 points (0.48 per cent) while the S&P BSE SmallCap settled at 28,306.05, up 21.98 points (0.08 per cent). The volatility index or India VIX rose 4.97 per cent to 14.4125.
(with inputs from agencies)