Sensex gains 1,200 points, Nifty settles near 22,970 mark
What's the story
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. The Sensex jumped 1.61% to 75,418.04 points, while the Nifty climbed 1.64% to 22,967.65 points. The midcap indices also edged up with the Nifty Midcap 50 gaining 0.3%, to settle at 14,662.05 points. Here are more details on the market's performance on Thursday.
Market results
Who were the biggest gainers and losers?
On Thursday, NIFTY PSU BANK, NIFTY BANK, and NIFTY PVT BANK emerged as the top-performing sectors, rising 1.66%, 1.59%, and 1.52%, respectively. The biggest stock gainers were Adani Enterprises, Adani Ports, and Larsen, which climbed 7.84%, 4.73%, and 3.6%, respectively. Sun Pharma, Power Grid Corporation of India, and Hindalco emerged as the biggest losers, dropping 2.87%, 1.8%, and 1.13%, respectively.
Data
Take a peek at the global markets
In the Asian markets, the Shanghai Composite Index plunged 1.35% to 3,116.39 points, while the Hang Seng Index declined 1.73% to 18,868.71 points. The Nikkei index witnessed a rise of 1.24%, closing at 39,103.22 points. In the US market, NASDAQ shed 0.18% to 16,801.54 points.
Commodities
INR goes up 0.05% against US Dollar
The Indian Rupee (INR) on Thursday strengthened 0.05% to settle at ₹83.28 against the US Dollar in the forex trade. Meanwhile, both gold and silver futures slipped, with the prices of gold and silver dropping to ₹72,370 and ₹91,310, respectively. Coming to the crude oil futures, the prices soared 0.35% to settle at $78.23 per barrel.