New Delhi:
Indian stock benchmarks recovered from early losses on Thursday to settle higher, driven by gains in technology and energy stocks. Domestic indices broke their 2-day losing run on strong interest in index heavyweights Tata Consultancy Services (TCS) and Reliance Industries (RIL).
The 30-share BSE Sensex jumped 437 points or 0.79 percent to close at 55,818, while the broader NSE Nifty rose 105 points or 0.64 percent to settle at 16,628.
Mid and small cap stocks ended positive as Nifty Midcap 100 gained 0.68 percent and small cap rose 0.61 percent.
10 of the 15 sector gauges – compiled by the National Stock Exchange – came in green. Sub-indexes Nifty IT and Nifty Oil and Gas outperformed the platform, up 1.82 percent and 2.28 percent, respectively.
On a stock-specific front, Reliance Industries was the biggest winner as the stock rose 3.60 percent to Rs 2,728.30. Bajaj Finserv, Sun Pharma, TCS and HCL Tech were also among the winners.
Overall market size was positive: 1,976 shares rose while 1,330 shares fell on BSE.
On the 30-stock BSE index, RIL, Bajaj Finserv, Sun Pharma, HCL Tech, TCS, Infosys, Asian Paints, Tata Steel, IndusInd Bank, NTPC, Titan and Nestle India were among the top winners.
By contrast, HDFC, PowerGrid, Hindustan Unilever, HDFC Bank, Kotak Mahindra Bank, Maruti, ICICI Bank, M&M, L&T and Tech Mahindra finished in the red.
The Life Insurance Corporation of India (LIC), the country’s largest insurer and the largest domestic financial investor, also fell 0.58 percent to settle at Rs 805.85.