Closing Bell: Sensex surges by 777 points, Nifty ends over 17400
Indian benchmark indices ended higher for the second consecutive session on Thursday led by gains in financial, oil and gas, and consumer names.
Domestic equity benchmarks soared for the second session in a row on December 2 as bullish sentiment towards equities continued after strong Gross Domestic Product (GDP) data was reported by the government. During today's trading session, the Sensex rose as much as 829 points and the Nifty index surpassed its important psychological level of 17,400 led by gains in heavyweights like HDFC, Infosys, HDFC Bank, Tata Consultancy Services, Reliance Industries and Hindustan Unilever.
At the closing bell on Thursday, the Sensex was up 776.50 points or 1.35% at 58,461.29, and the Nifty was up 234.80 points or 1.37% at 17,401.70. On the market depth, around 2139 shares have advanced, 1040 shares declined, and 139 shares are unchanged.
Amond the top Nifty gainers were Adani Ports, HDFC, Power Grid Corp, Tata Steel and Sun Pharma, while top losers on the index included ICICI Bank, Cipla and Axis Bank.
On such an upbeat trading day, all the sectoral indices ended in the green with IT, metal, realty, auto, FMCG, oil and gas, and power indices ending up 1-2%.In the broader markets, BSE Midcap and Smallcap indices added 1% each.
The trending stocks of the day were Adani Ports, which surged by 4.53% to close at Rs 740. Other buzzing stocks of the day were Power Grid, HDFC, Sun Pharma, Grasim, Bharat Petroleum, Tata Steel, Indian Oil, Tech Mahindra, Bajaj Auto, and Bajaj Finserv which rose between 2.4-3.8%.
According to a Reuters poll, global stock markets will shake off the recent weakness and rise in the next 12 months, but at a more tempered pace than this year.
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