Indian Benchmark Indices Close Thursday Over 0.7% Higher

The Indian benchmark indices have re-entered the positive territory after a brief gap of one day. The indices had closed Wednesday in the red on the back of weak global indices. Today, the indices have wrapped up the day in the green, gaining over 0.7% higher. The gains in the indices are majorly attributed to banking stocks. 

The S&P BSE Sensex gained 268.95 points or 0.71% to close Thursday at 38,140.47 points. Among the thirty stocks that constitute the Sensex index, 21 of them ended the day higher, while 8 of them tanked whereas one closed flat. The share price of ONGC remained unchanged at the end of today’s trading hours. 

Banking stocks powered the indices to close the day higher. SBI and ICICI Bank emerged as the top gainers in the index. They shot up 3.28% and 2.94% respectively. They were followed by RIL, Kotak Bank and Tech Mahindra whose share price surged 2.82%, 2.41%, and 2.28% respectively. Axis Bank and Hind. Unilever turned out to be the top losers among the Sensex stocks. They tanked 3.80% and 1.57% respectively. 

Also Read: Closing Bells: Indian Benchmark Indices Close Wednesday Nearly Flat

The NSE Nifty 50 zoomed 0.74% or 82.50 points at the end of Thursday’s trading hours. The index wrapped the day at 11,215.45 points. Of the 50 stocks that form the Nifty index, 37 of them jumped, while 12 of them collapsed whereas one stock’s share price closed unchanged. 

Eicher Motor emerged as the top gainer among Nifty stocks. It moved 4.87% in the upward direction. Infosys, TCS, HDFC and Axis Bank are the notable stocks whose share price closed in the negative terrain today. Infratel closed Thursday flat on the National Stock Exchange. India VIX, the volatility gauge, lost 0.98% or 0.25 points to wrap up the day at 24.64 points. 

For any clarifications/feedback on the topic, please contact the writer at vineeth.nc@cleartax.in

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