Monday, January 05, 2026 | 03:25 AM ISTहिंदी में पढें

Home / Markets / News / Sensex rises 817 pts, Nifty near 16,600 as BJP set to win 4 states

Live Blog

Sensex rises 817 pts, Nifty near 16,600 as BJP set to win 4 states

CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices

SI Reporter New Delhi

Blowout quarterly earnings reported by some of India’s biggest software firms in July have boosted shares

CLOSING BELL

Indian stock markets ended higher for a third straight day on Thursday as the Bharatiya Janata Party (BJP) looked set to win four of the five key state elections. An across-the-board rally swept the markets with FMCG, public sector banks, and realty sectors leading from the front.

The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices. Futures linked to main Wall Street indices, too, traded in the red.

Against this backdrop, the S&P BSE Sensex eased 778 points from the day's high of 56,242 and closed 817 points, or 1.5 per cent, higher at 55,464. The broader Nifty50, on the other hand, closed at 16,595, up 249 points or 1.5 per cent.

HUL (up 5 per cent) was the top gainer on the 50-pack index, followed by Tata Steel, Grasim Industries, SBI, Tata Consumer Products, JSW Steel, Axis Bank, Tata Motors, IOC, and IndusInd Bank. All these stocks gained between 3 and 4 per cent.

Meanwhile, only six stocks ended in the red on the index including Coal India (down 4.4 per cent), Tech M, ONGC, Dr Reddy's Labs, UPL, and TCS.

The broader indices, too, advanced in-tandem with their large-cap peers with the BSE MidCap and SmallCap indices adding 1 per cent each.

Among individual shares, shares of Coforge dipped 7 per cent to Rs 4,241 on the BSE in Thursday's intra-day trade after 10 per cent of the total equity of the information technology (IT) consulting & software company changed hands on the BSE.

On the flipside, shares of Entertainment Network (India) soared 14 per cent to Rs 214.75 on the BSE in Thursday's intra-day trade on the back of heavy volumes. The stock of the company, which operates India's FM radio channel Radio Mirchi, traded close to its 52-week high of Rs 226.95 hit on August 2, 2021.

Overall, over 2,400 stocks settled in the positive territory today as against less than 1,000 stocks that ended in the red. Volatility gauge, India VIX, also dropped 7 per cent.

4:16 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

The benchmark index Nifty maintained an upside gap during the day, suggesting the presence of strength throughout the day. However, on the higher end, it found resistance at the upper band of the declining channel. Over the near term, the market may remain sideward as long as Nifty remains below 16750. A decisive move above 16750 may induce a rally towards 17000 and higher. On the lower end, support is visible at 16400.

4:11 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Hopes of progress in high-level talks between Russia & Ukraine and a surge in the Asian market, the Indian market started with a strong gap-up. The outperformance was supported by positive state election results being in line with expectations. However, a weak western market ahead of ECB & US CPI data and rise in crude prices added volatility in between.

4:05 PM

European markets trade on a negative note

Source: investing.com

4:03 PM

Brent crude hovers around $117 a barrel

3:59 PM

Mixed trade for healthcare stocks; Fortis, Thyrocare sulk over 1%

3:58 PM

Closing bell: Over 1,400 stocks advanced while 626 declined

3:56 PM

Closing bell: Top 5 Nifty 50 losers; Coal India tanks over 3%

3:52 PM

Closing bell: Auto stocks in fast lane; Bajaj Auto, Tata Motors spurt over 2%

3:49 PM

Closing bell: Consumer stocks abuzz in trade; TTK Prestige soars above 11%

3:47 PM

Closing bell: Top 10 Nifty 50 performers; HUL, Tata Steel lead index

3:43 PM

Closing bell: SBI spikes over 3%, top performer in Nifty Bank

3:41 PM

Closing bell: Broader markets upbeat; India Vix cools off below 6%

3:37 PM

Closing bell: FMCG, banks, realty in high demand; Profit-booking seen in IT stocks

3:34 PM

Closing bell: 27 out of 30 Sensex stocks swim in green; HUL, Tata Steel drive index

3:33 PM

Closing bell: Sensex closes in green, up over by 800 points

Connect with us on WhatsApp

Topics : Sensex MARKET LIVE MARKET WRAP Markets Nifty BSE NSE SGX Nifty Reliance Industries HUL NTPC Bharti Airtel Oil Prices Brent crude Dalal Street

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 10 2022 | 8:12 AM IST