Mumbai: The domestic stock market rose for the third consecutive day and the BSE Sensex closed with a gain of 385 points on Thursday. Markets firmed up with gains in Infosys, ITC and HDFC, which had strong interventions in the index, amid a positive trend in global markets. The 30-share BSE Sensex closed at 57,315.28, up 384.72 points, or 0.68 per cent. Similarly, the NSE Nifty jumped 117.15 points, or 0.69 per cent, to end at 17,072.60.
POWERGRID was the top gainer with the Sensex gainer nearly four per cent. Apart from this, ITC, Bajaj Finance, Infosys, NTPC and Tech Mahindra were also gainers. On the other hand, the losers included Bharti Airtel, Sun Pharma, Maruti and Ultratrak Cement.
Narendra Solanki, Head of Equity Research (Fundamental) Anand Rathi Company said, “The opening in the domestic markets was good with a positive trend in other Asian markets. The study had a positive impact on investors in the risk reduction of serious illness and hospitalization for people infected with the Omicron form compared to Delta.”
He said that the market remained strong in the afternoon trade as well. The market also got support from ICRA’s report. The report said that the profitable position of sugar, fertilizer and dairy sectors will remain stable in 2021-22.
In other Asian markets, Shanghai Composite Index in China, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Cospi were among the gainers. Major markets in Europe also had a positive trend in afternoon trading. Meanwhile, international oil benchmark Brent crude slipped 0.08 per cent to $75.22 a barrel.