BIZ DESK
The Domestic stock markets ended on a strong note today, with both the Sensex and Nifty closing in the green. The 30-share Sensex rose 318 points, or 0.41 per cent, to settle at 77,606. During the day, the index touched an intraday high of 77,747 and a low of 77,082.
\Similarly, the Nifty gained 105 points, or 0.45 per cent, to close at 23,592. The index recorded an intraday high of 23,626 and a low of 23,412. Among the Sensex stocks, Bajaj Finserv, NTPC and IndusInd Bank were the top gainers, rising up to 2.85 per cent.
On the other hand, Tata Motors, Sun Pharma and Hindustan Unilever were among the top losers, with Tata Motors dropping the most by 5.38 per cent. Broader markets also performed well, with small-cap stocks leading the gains. The Nifty Smallcap100 index rose 1.15 per cent, while the Nifty Midcap100 index ended 0.37 per cent higher.
Similarly, the NSE Nifty50 settled with gains of 105.10 points or 0.45 per cent at 23,591.95. The Nifty50 logged an intra-day high of 23,646.45, while the intra-day low was recorded at 23,412.20.
Bajaj Finserv, NTPC, IndusInd Bank, Larsen & Toubro, and Bajaj Finance were among the top gainers on the Sensex, which ended higher by up to 2.85 per cent. Tata Motors, Sun Pharma, Hindustan Unilever, Kotak Mahindra Bank, and Bharti Airtel were among the top constituent laggards that ended down by up to 5.38 per cent.
Small-cap shares led the gains among the broader markets, with the Nifty Smallcap100 index settling higher by 1.15 per cent. The Nifty Midcap100 index also settled with a gain of 0.37 per cent.
Barring Nifty Auto and Pharma, all the other sectoral indices settled higher on Thursday. Auto shares witnessed a sell-off after US President Donald Trump announced on Wednesday a 25 per cent tariff on all imported cars that are not manufactured within the United States. Nifty Auto index settled with the loss of 1.04 per cent on Thursday.
PSU Banks, on the other hand, outperformed others, as the Nifty PSU Bank index settled with gains of 2.50 per cent, led by Bank of Baroda and Punjab National Bank.
Among sectoral indices, most sectors ended in the green except for Nifty Auto and Nifty Pharma. On the positive side, PSU banks outperformed, with the Nifty PSU Bank index gaining 2.50 per cent. Bank of Baroda and Punjab National Bank were the key drivers behind this rally. Market sentiment remained positive, with buying seen in financial and infrastructure stocks, while auto and pharma shares faced some selling pressure.