Reversing a downward trend, key bench mark stock indices on Thursday surged backed by buying in auto, banking, PSU and oil and gas stocks. The S&P BSE Sensex closed with gain of 230.45 points per cent at 27010.14, up 0.86 per cent.
Similarly, the CNX NSE Nifty gained to close at 8179.50, up 71.60 points or 0.88 per cent.
The top Sensex gainers included Tata Motors up 8.06 per cent, BHEL (3.02 per cent) and Maruti (3.01 per cent). The BSE sectoral indices were led by auto up 2.33 per cent, PSU (1.54 per cent) and oil and gas (1.51 per cent).
“After seven consecutive days of struggle, markets witnessed a breather on Thursday as the benchmarks gained close to a per cent and showed resilience at higher level,” Jayant Manglik, President, Retail Distribution, Religare Securities said in a note.
“Firm cues from the Asian counterparts triggered initial up move, which further supported by buying in index heavyweights from banking, auto, capital goods and oil and gas space. In line with broader trend, market breadth was also inclined on the advancing side,” he added.
Rupee gains 21 paise Meanwhile, the Indian currency on Thursday appreciated to close with a gain of 21 paise against the U.S. dollar at 64.82 against the previous close of 65.03.
In the morning, the rupee had opened with a gain of 28 paise at 64.75 in line with the weakening of the U.S. dollar against major currencies.
