Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday, rising 1 per cent, propelled by buying in IT stocks amid a rally in the US markets and fresh foreign fund inflows.
Photograph: Shailesh Andrade/Reuters
Rallying for the fifth day running, the 30-share BSE benchmark Sensex jumped 809.53 points, or 1 per cent, to settle at 81,765.86.
During the day, it soared 1,361.41 points, or 1.68 per cent, to 82,317.74.
The NSE Nifty surged 240.95 points, or 0.98 per cent, to 24,708.40.
From the 30-share Sensex pack, Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies, and Tech Mahindra were the biggest gainers.
NTPC and Asian Paints were the laggards.
“Dow moving past 45,000 for the first time is an indicator of the strength of the US market rally.
“The macro construct in the US — strong growth and declining inflation support this rally.
“The Fed chief Powell’s remark yesterday that the ‘economy is in remarkably good shape’ is a shot in the arm for the US bulls,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
FIIs turning buyers is positive for markets, particularly for largecaps, he added.
In Asian markets, Tokyo, and Shanghai settled higher while Seoul and Hong Kong ended lower.
Global oil benchmark Brent crude went up 0.53 per cent to $72.68 a barrel.
