Welcoming the Hindu calendar year Samvat 2071, stock indices surged ahead on Thursday, as broader indices galloped smartly to gain more than the benchmark indices.
The benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index closed at 26851.05 with a gain of 63.82 points or 0.24 per cent.
Among broader indices, mid-cap stocks and small-cap stocks gained 0.99 per cent and 1.57 per cent respectively while the BSE 100 was up by 0.30 per cent, BSE 200 gained 0.37 per cent and BSE 500 was up by 0.45 per cent.
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All sectoral indices ended in the positive territory with oil & gas gaining the most at 0.67 per cent followed by healthcare (0.59 per cent), FMCG (0.50 per cent) and capital goods (0.46 per cent).
On the National Stock Exchange (NSE), the 50-share Nifty gained 18.65 points or 0.23 per cent to close at 8014.55.
“Positive global cues and domestic festive mood kept the market buoyant,” said Sudip Bandyopadhyay, Managing Director and Chief Executive Officer of Destimoney Securities.
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“By and large”, he said, “the frontline counters and mid-caps show strength and the Nifty was able to close above the 8000-level. Wipro lost due to unfavourable quarterly results. The positive momentum in the market is expected to continue next week.”
“The market provided more than 25 per cent return between Samvat 2070 and 2071. We expect the market to provide excellent returns in the forthcoming year as well,” Mr. Bandyopadhyay added.