The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 ended higher by 70.70 points or 0.32% to settle at 21,910.75, while the BSE Sensex closed 227.56 points or 0.32% to 72,050.39. Bank Nifty index ended higher by 310.60 points or 0.68% to settle at 46,218.90.
The broader indices ended in positive territory, with gain led by Midcap and Largecap stocks. PSU Banks and Energy stocks outperformed among the other sectoral indices while FMCG and Media stocks shed.
Mahindra and Mahindra, Power Grid Corp, BPCL, NTPC, and ONGC were the top gainers on the NSE Nifty 50, while the laggards includes Axis Bank, Apollo Hospitals, ITC, Britannia Industries, and Hindustan Unilever.
The Indian Volatility Index (India VIX) closed down by 1.36 %.
“The benchmark indexes inched higher, mirroring the positive sentiment prevailing in the global market. The disinflation trend in the eurozone, coupled with better earnings, lifted investor sentiment,” said Vinod Nair, Head of Research at Geojit Financial Services
Nair also said that, despite the broad-based recovery, market participants are more inclined towards quality large-cap stocks owing to the prevailing valuation gap, which led them to exercise caution on small and mid-caps.