Closing Bell: Market halts the losing run, Nifty settles above 16150
Domestic equity bourses Sensex and Nifty50 swung between gains and losses in a volatile session on Thursday to close the day in green after three sessions.
Indian equity market rebounded today, snapping the three-day loss in a volatile trading session. The headline indices gyrated between gains and losses during intraday deals before moving higher, led by a surge in banking and metal shares. In today's trade, the Sensex witnessed a movement of 921 points. Owing to these developments, the benchmarks broke the three-day losing streak.
At the closing bell on May 26, the Sensex was up 503.27 points or 0.94% at 54,252.53, and the Nifty was up 144.40 points or 0.90% at 16,170.20. On the market depth, 1712 shares have advanced, 1509 shares declined, and 126 shares are unchanged.
Top Nifty gainers include Tata Steel, JSW Steel, Apollo Hospitals, SBI and HDFC Bank, while top losers were ITC, UPL, Divis Labs, Sun Pharma and Reliance Industries. In the top trending stock, Tata Steel was the top Nifty gainer as the shares soared 5.08% to Rs 1,049.90.
Also in the news, shares of Vodafone Idea Limited (VIL) dropped almost 4% today, after the Securities and Exchange Board of India (Sebi) exempted the government from making an open offer to the company shareholders.
On a sectoral basis, metal, IT, power, realty, bank and oil & gas went up by 1-3% each. In the broad markets, the BSE midcap index rose 1.4% and smallcap index added 0.78%.
Asian share markets traded mostly lower on Thursday after notes from the Federal Reserve's latest meeting confirmed anticipations of further interest rate hikes, but held no surprises to rattle investors. Tokyo, Hong Kong and Sydney closed lower, while Shanghai and Southeast Asian markets were trading higher.
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