Delhi, 9 October (H.S.): Indian equity markets closed on a strong note on Thursday, rebounding sharply after an early session dip, supported by foreign institutional buying, upbeat global cues and gains in the metal and pharmaceutical sectors. A decline in crude oil prices further buoyed investor sentiment.
The trading day began on a positive note, but soon saw intense tussles between buyers and sellers, pushing the Sensex and Nifty into the red. However, by the end of the first hour, renewed buying momentum lifted both benchmarks significantly.
The Sensex surged by as much as 580 points from the day’s low, while the Nifty jumped nearly 175 points. At close, the Sensex was up 0.49% and the Nifty gained 0.54%.Metal and pharma stocks led the rally, joined by strong performances in oil and gas, realty, PSU banks, and IT. Auto, capital goods, consumer durables, FMCG, public sector enterprises, and technology indices also ended higher.
Broader market indices followed suit, with the BSE Midcap index rising 0.75% and the Smallcap index closing up 0.18%.Investor wealth saw a significant jump, with the market capitalisation of BSE-listed companies increasing by approximately ₹2.44 lakh crore to ₹460.38 lakh crore, compared to ₹457.94 lakh crore on Wednesday.
On the BSE, 4,350 stocks were actively traded — 2,111 ended in the green, 2,068 in the red, and 178 were unchanged. On the NSE, out of 2,810 actively traded stocks, 1,418 advanced while 1,392 declined. In the Sensex basket, 24 stocks closed higher and six ended lower, while on the Nifty, 41 stocks gained and nine fell.
The Sensex opened 126.34 points higher at 81,900 but slipped to 81,667.68 after early selling pressure. Buying in the subsequent hours propelled it to an intraday high of 82,247.73, before settling 398.44 points up at 82,172.10.
Similarly, the Nifty opened 28.15 points higher at 25,074.30 but fell to 25,024.30 in early trade. Recovering steadily, it hit an intraday peak of 25,199.25, before ending 135.65 points stronger at 25,181.80.
Top gainers included JSW Steel (+2.62%), Tata Steel (+2.61%), HCL Technologies (+2.29%), SBI Life Insurance (+2.08%), and Sun Pharmaceutical (+1.65%).
Leading losers were Axis Bank (-1.12%), Titan Company (-0.42%), Tata Consumer Products (-0.20%), Maruti Suzuki (-0.17%), and Eicher Motors (-0.09%).
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Hindusthan Samachar / Jun Sarkar
