New Delhi, April 17 (H.S.): On Thursday, the domestic stock market continued its upward momentum, achieving a strong close for the fourth consecutive day. The trading session began weakly, with both the Sensex and Nifty indices declining due to initial selling pressure. However, after the first hour, buyer activity intensified, leading to a significant rebound in both indices. By the end of the trading day, the Sensex had gained 1,951 points, closing up by 1.96 percent, while the Nifty rose by 573 points, with a gain of 1.77 percent.
Sustained buying was observed across several sectors, including infrastructure, banking, oil and gas, IT, automobiles, capital goods, consumer durables, FMCG, pharmaceuticals, metals, public sector enterprises, and technology. This widespread buying also benefited the broader market, with the BSE Midcap index increasing by 0.56 percent and the Smallcap index rising by 0.52 percent. Overall, investors saw their wealth grow by approximately ₹4.5 lakh crore, elevating the market capitalization of BSE-listed companies to ₹419.49 lakh crore from ₹415 lakh crore in the previous session.
Trading activity was robust, with 4,106 shares exchanged on the BSE, of which 2,429 closed with gains while 1,520 experienced losses. The NSE reported similar activity with 2,557 shares traded, where 1,638 ended positively. Among the 30 Sensex components, 28 shares rose, while only 2 declined; similarly, in the Nifty, 44 out of 50 shares closed in the green.
The Sensex opened lower at 76,968.02 points but dipped to a low of 76,665.77 points shortly after due to selling. A resurgence of buying led to a final gain of 1,572.48 points, culminating in a close at 78,553.20 points. The Nifty also encountered an early drop to 23,298.55 points but rallied back to reach 23,851.65 points, reflecting an intra-day gain despite slight late-session selling pressure.
Notable gainers included Eternal, ICICI Bank, Bharti Airtel, Sun Pharmaceuticals, and Bajaj Finserv, while Wipro, Hero MotoCorp, JSW Steel, Tech Mahindra, and Coal India were among the top losers.
Hindusthan Samachar / Jun Sarkar
