Stock market HIGHLIGHTS: A strong rupee, along with positive Asian markets and healthy buying in financials, realty, metals, and auto stocks, pushed the Sensex and Nifty higher to close Thursday’s trade in the positive territory. However, weak European markets and profit booking in FMCG stocks capped some gains. The rupee extended gains on Thursday, rising past the 72/$ mark on the back of fresh foreign fund inflows and easing crude oil prices.
The BSE Sensex closed today’s trade higher by 118.55 points or 0.34% at 35,260.54 points. The market breadth remained bullish with 1,498 advances as against 1,098 declines. Kotak Bank was the top contributor to the Sensex, followed by the HDFC twins, Axis Bank, ICICI Bank, Larsen and Toubro, Maruti and Infosys. Adani Ports was the top gainer on the Sensex (up 4%), while Yes Bank was the top drag, down 7%.
The NSE Nifty 50 closed Thursday’s trade at 10,616.70 points, up 40.40 points or 0.38%. Among the 50 trading companies on the Nifty, 29 scrips advanced as against 21 declines, indicating a bullish market. All the Nifty sectoral indices closed with gains, barring the Nifty FMCG index which closed lower by 0.09%. The Bank Nifty ended higher by 0.87%.
Among stocks, Jet Airways share price skyrocketed 25% on the BSE amid reports of a likely Tata Sons-Jet Airways deal. Jet Airways shares surged to a high of Rs 302.70 on the BSE, the stock’s biggest intra-day move in over three years. Yes Bank shares tanked 7% today, a day after the bank announced that Ashok Chawla has resigned as non-executive chairman. Telecom operator Vodafone Idea’s shares tanked nearly 8% in early morning trade after the joint entity in its maiden earnings announcement reported a consolidated loss of Rs 4,973 crore for the September quarter.