Markets in Europe traded higher for most of the afternoon session.
Markets in Europe traded higher for most of the afternoon session.
Equity markets maintained their winning momentum for a second straight day on Thursday, with the Sensex rising above 874 points, driven by index majors Reliance Industries, Infosys and HDFC twins amid a mixed trend in global markets.
The BSE benchmark Sensex rose 874.18 points, or 1.53%, to 57,911.68. Over the day, it rose 954.03 points, or 1.67%, to 57,991.53.
The NSE Nifty rose 256.05 points, or 1.49%, to 17,392.60.
From the 30-stock Sensex package, big winners included M&M, Maruti, Bajaj Finserv, Asian Paints, Reliance Industries, Kotak Mahindra Bank, HDFC, TCS, Sun Pharma, Infosys and IndusInd Bank.
In contrast, Tata Steel, Nestle and Bharti Airtel lagged behind.
Elsewhere in Asia, markets in Tokyo and Seoul settled in the green, while Hong Kong and Shanghai closed lower.
Markets in Europe traded higher for most of the afternoon session.
Stocks in the US ended on a mixed note on Wednesday.
International oil benchmark Brent rose 1.40% to $108.3 a barrel.
“The bulls came back strong today after quite a long wait, helped by the energy sector, which is seeing robust gross refining margins. Almost all sector indices, led by autos, traded in the green as the volatility index cooled.”
“The accumulation seen in some of the big boys leading last week’s decline helped the bulls retaliate strongly today,” said S. Ranganathan, head of research at LKP Securities.
Overseas institutional investors continued their selling spree, selling a net 3,009.26 crore of shares on Wednesday, according to stock market data.
