Benchmarks recover after 2-day losing run

MUMBAI: After two consecutive days of decline, the bulls made a comeback on the Dalal Street on Thursday, led by broad-based buying, amid weekly options expiry. The S&P BSE Sensex ended at 52,300, up by 359 points, or 0.69 per cent, while the Nifty50 closed the session at 15,738-mark, up by 102 points, or 0.65 per cent.

Bajaj Finance, Bajaj Finserv, State Bank of India, IndusInd Bank, and ITC were the top Sensex gainers. On the other hand, Bajaj Auto, Maruti Suzuki, and PowerGrid were the main losers.

Meanwhile, the broader markets extended their outperformance, and the S&P BSE MidCap and SmallCap indices ended the session 1.26 per cent and 1.73 per cent higher respectively.

Among other individual stocks, shares of Bata India surged by 6 per cent to Rs 1,657.50 on the Bombay Stock Exchange in intra-day trade on Thursday and almost hit the 52-week high of Rs 1,705. The stock ended the session marginally lower at Rs 1,635, with a net gain. Besides, shares of the recently listed Easy Trip Planners hit a new high of Rs 430.35 after surging by 10 per cent, at which level it closwd the day.
All the Nifty sectoral indices, except Nifty Auto index, closed in the green, with Nifty Realty index and Nifty PSU Bank index ending 3 per cent and 2 per cent higher respectively.

The global shares hovered near a record high and the dollar was steady on Thursday, eyeing US inflation data for any sign of the Federal Reserve’s tapering its massive stimulus.