Sensex Today: Domestic equity markets overcame the initial volatile phase in the backdrop of weak global cues, and finished on a strong note on Thursday led by gains in index heavyweight L&T, banks, and power stocks.
The S&P BSE Sensex had slipped to a low of 65,672 in intra-day deals; the index, however, recouped losses and thereafter bounced back into the positive zone. As the buying picked momentum in late noon deals the BSE benchmark rallied to a high of 66,297 – up 625 points from the day’s low.
The Sensex eventually ended the day with a solid gain of 385 points at 66,266. In the process, the BSE index has now rallied 1,434 points in the last five straight trading days.
The NSE Nifty hit a high at 19,737, and signed-off the day 116 points higher at 19,723. The 50-share index has vaulted 473 points in the last five sessions.
Larsen & Toubro was the star performer in trades on Thursday. The stock scaled a record high of Rs 2,855, and ended with a gain of over 4 per cent. The company’s market cap also topped the Rs 4 trillion mark today.
Among banking shares in the Sensex-30, IndusInd Bank, SBI, Axis Bank, Kotak Bank and HDFC Bank advanced 1 – 2 per cent each. Tech Mahindra, HCL Technologies, Power Grid Corporation, NTPC, Wipro and TCS were the other prominent gainers.
On the flip side, Sun Pharma, Infosys, Mahindra & Mahindra, UltraTech Cement and Hindustan Unilever were the notable losers.
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