The BSE Sensex and NSE Nifty advanced 1% on Thursday on account of firm global markets as crude oil extended gains on hopes that big producers will cap output, rising investor sentiment for riskier assets.
Sensex closed 267.35 points up at 23649.22, while Nifty50 index settled 83.30 points up at 7,191.75.
In the 50 share index,
Gainers: Dr Reddy’s lab, Hindalco, Cairn india, ONGC and Hero MotoCorp gained between 3.60 percent and 4.45 percent.
Losers: Maruti Asian Paints, BHEL, Reliance Industries and Axis Bank slid between 1.45 percent and 2.80 percent.
Markets surged in line with its international partners supported by the recovery in rock oil costs.
Among the sectoral indices on the Bombay stock exchange (BSE),
BSE IT index surged the most (up 1.94 percent)
BSE TECK index (up 1.90 percent)
BSE healthcare index (up one.78 percent)
BSE Capital goods index (up 1.59 percent)
BSE FMCG index (up 1.52 percent)
Rest all other sectoral indices also ended in green.
Shares of oil exploration, production companies such as
Cairn India (up 3.86 percent),
Oil & Natural Gas Corporation (up 4.50 percent)
Oil India (up 2.48 percent) closed higher on the bourses after a sharp surge in global crude oil costs.
Buying in pharma space too aided sentiments on report that department of pharmaceuticals under the Ministry of Chemicals and Fertilizers is expected to come out with a new bulk drug policy in less than a month with an objective to grow the Indian pharmaceuticals sector to a $200 billion business by 2030.
Sensex closed 267.35 points up at 23649.22, while Nifty50 index settled 83.30 points up at 7,191.75.
In the 50 share index,
Gainers: Dr Reddy’s lab, Hindalco, Cairn india, ONGC and Hero MotoCorp gained between 3.60 percent and 4.45 percent.
Markets surged in line with its international partners supported by the recovery in rock oil costs.
Among the sectoral indices on the Bombay stock exchange (BSE),
BSE IT index surged the most (up 1.94 percent)
BSE TECK index (up 1.90 percent)
BSE healthcare index (up one.78 percent)
BSE Capital goods index (up 1.59 percent)
BSE FMCG index (up 1.52 percent)
Rest all other sectoral indices also ended in green.
Shares of oil exploration, production companies such as
Cairn India (up 3.86 percent),
Oil & Natural Gas Corporation (up 4.50 percent)
Oil India (up 2.48 percent) closed higher on the bourses after a sharp surge in global crude oil costs.
Buying in pharma space too aided sentiments on report that department of pharmaceuticals under the Ministry of Chemicals and Fertilizers is expected to come out with a new bulk drug policy in less than a month with an objective to grow the Indian pharmaceuticals sector to a $200 billion business by 2030.
