Indian equities benchmarks on Thursday ended a four-session losing streak by closing higher in see-saw trade. Energy, pharmaceutical, and technology stocks led the domestic indices up. The surprise upward movement was also helped by index heavyweight Reliance Industries.
30-share BSE Sensex surged 428 points, or 0.78 percent, to close at 55,320, while the broader NSE Nifty rose 122 points, or 0.74 percent, to 16,478. Mid- and small-cap stocks ended the day on a high note, with the Nifty Midcap 100 gaining 0.49 percent and small-cap gaining 0.21 percent.
The NSE's 15 sector gauges all ended the day in the green. Nifty Oil & Gas, Nifty Pharma, and Nifty IT all exceeded the platform, climbing 1.96 percent, 1.20 percent, and 0.98 percent, respectively, to outperform the platform.
Dr. Reddy's was the highest gainer on the Nifty, up 3% to Rs. 4,324.95. The gainers included BPCL, Reliance Industries, Eicher Motors, and Bajaj Auto.
Reliance, Dr. Reddy's Laboratories, Bharti Airtel, Tech Mahindra, Sun Pharma, Kotak Mahindra Bank, Wipro, ITC, Infosys, HDFC Bank, TCS, and IndusInd Bank were among the top gainers on the 30-share BSE index.
On the other hand, Tata Steel, UltraTech Cement, NTPC, Bajaj Finance, SBI, Asian Paints, HCL Tech, Bajaj Finserv, and M&M all ended the year in the red.
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