Snapping two-day losses, the key equity benchmarks rebounded strongly on Thursday helped by gain in index heavyweights such as SBI, TCS, Infosys, Sun Pharma, Maruti Suzuki, GAIL (India) and Tata Motors. Outperforming the benchmark indices, the broader market witnessed surge in buying with both MIDCAP and SMLCAP rallied over 1 per cent, tracking firm cues from Asian peers following another record closing of the US markets. State Bank of India and associate banks shares surged following the Cabinet approval to proposed merger. Tata Consultancy Services (TCS) climbed over 1 per cent after IT bellwether said its board will meet on February 20, 2017 to consider a proposal for buyback of equity shares of the company.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28301.27, up by 145.71 points or by 0.52 per cent, and the NSE Nifty ended at 8778, up by 53.3 points or by 0.61 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 28327.84 and intraday low of 28146.19, while the NSE Nifty touched intraday high of 8783.95 and intraday low of 8719.6.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 649.30,+4.31%), Infosys Ltd. (Rs. 1011.90,+3.01%), Maruti Suzuki India Ltd. (Rs. 6027.05,+2.84%), Tata Motors Ltd. (Rs. 445.90,+2.14%), Tata Steel Ltd. (Rs. 469.80,+2.11%), among others.
On the flip side, ITC Ltd. (Rs. 266.70,-2.45%), Asian Paints Ltd. (Rs. 969.75,-1.18%), Larsen & Toubro Ltd. (Rs. 1464.00,-1.09%), Adani Ports & Special Economic Zone Ltd. (Rs. 298.25,-0.75%), ICICI Bank Ltd. (Rs. 278.80,-0.66%), were among top losers on BSE.
On the sectoral front, all the indices, barring FMCG, ended in green while healthcare and realty stocks emerged as top gainers, adding as much as 2.46 per cent and 2.14 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3137, shares advanced were 1887 while 1056 shares declined and 194 were unchanged.