Equity markets continued their winning streak for the second consecutive session on Thursday, closing significantly higher as metal and energy stocks led the rally amid positive global cues.
The BSE Sensex surged 609.86 points or 0.83 per cent to close at 74,340.09, while the NSE Nifty50 jumped 207.40 points or 0.93 per cent to settle at 22,544.70. The market displayed resilience despite early volatility, with the indices bouncing back strongly after a brief dip in early trade.
Top gainers:
Leading the charge was Asian Paints, which surged 4.70 per cent to ₹2,267.10, supported by a strong demand outlook and robust institutional buying. NTPC followed closely, rising 3.41 per cent to ₹337.75 on strong demand in the power sector.
Reliance Industries gained 2.96 per cent to close at ₹1,210.55 as investors cheered its expansion plans. Tata Steel added 2.87 per cent to finish at ₹150.35, driven by the uptrend in metal prices. Bajaj Finserv rounded off the top five gainers, climbing 2.39 per cent to ₹1,845.15.
Top losers:
Tech Mahindra was the biggest laggard, dropping 2.31 per cent to ₹1,503.60 amid weak global cues for the IT sector. Kotak Mahindra Bank declined 0.96 per cent to ₹1,921.60, facing selling pressure post recent gains.
Zomato slipped 0.62 per cent to ₹225.40, while Tata Motors dipped 0.19 per cent to ₹639.75. IndusInd Bank saw a marginal loss of 0.07 per cent, closing at ₹971.05.
The day’s gains were primarily driven by strength in metal, energy, and infrastructure stocks, reflecting positive investor sentiment. The Nifty Metal index surged 2.48 per cent, while the Nifty Energy index gained 1.92 per cent.
The market outlook remains positive with investors continuing to focus on sector-specific opportunities, amidst a backdrop of favorable global trends.
