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Benchmarks end at closing peak; Nifty tops 16,350; broader indices outrun

The Nifty IT index jumped 3 per cent and ended around record high levels of 32,245.

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock market updates: Benchmark indices were back to their winning ways on Thursday, the day of weekly F&O expiry, amid solid buying in IT and PSU bank stocks. The Nifty IT index advanced nearly 2 per cent on the NSE today while the PSU bank index added 1.3 per cent. All other sectoral indices, barring the Nifty Pharma index (down 1 per cent) gained up to 0.7 per cent.

Overall, the Sensex index hit a new all-time high of 54,874 levels in the intra-day trade while the scaled new peak of 16,375. The indices, however, pared gains marginally and ended at fresh closing peaks of 54,844 and 16,364 levels, respectively, rising 318 points and 82 points. 

The broader markets, too, stabilised after continuous sessions of decline as the reduced the ambit of Add-on Price band Framework. At close, the MidCap index quoted 1.07 per cent higher and the BSE SmallCap index was up 1.97 per cent. 


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