The Indian share market closed higher on Thursday with strong buying in banking and financial shares.
The Sensex gained 453 points higher at 39,052.06 while the Nifty50 closed 122 points to end the day at 11,586.35. The Nifty Small-Cap index added 0.8-pc, while Midcap added 1.8-pc.
The indices witnessed the 5th consecutive day of profits. Buying support emerged for shares of all sectors except IT index. Auto and PSU banking stocks were the biggest gainers, jumping index over 3% for the day, while Bank Nifty rose 1.58%, Media stocks added 1.62% and Nifty Metal was up 0.9%. However, Nifty IT slipped 0.41% in trade today.
ON the Nifty chart, Yes Bank topped 15.47%, Tata Motors jumped 13.27%, followed by Eicher Motors, IndusInd Bank, and Bajaj Auto which were up in between 3 to 8% as top gainers on the Nifty50. HCL Tech, Vedanta, UltraTech Cement, Grasim and PowerGrid led the losses. Get best stock Tips from the experts.
Internationally, European stocks rose after UK PM Boris Johnson said that Britain and the European Union had agreed new Brexit deal and urged lawmakers to approve it over the weekend as per, Reuters report.
Reacting to the report, the DAX went up 0.95pc, London’s FTSE-100 rose 0.57%, and France’s CAC40 went up 0.57pc. For Free stock tips visit our website.