• Source:JND

The domestic stock market ended a highly volatile session in positive territory on Thursday. The Key equity indices recovered significantly from trading about 2 per cent lower in early trade to close in green as investors turned value buyers post mid-session.

The BSE Sensex closed 185 points or 0.25 per cent higher at 73,319.55. The 30-share index started the session over 800 points lower at 72,262.05 as compared to the last session's closing of 73,134.31. The index escalated the losing momentum further in morning trade to hit an intraday low at 71,545.81, down 1,590 points from the last day's closing due to concerns around escalating war in middle east and rising crude prices.

However, in afternoon trade, the domestic market witnessed a massive buying momentum in selective sectors, including IT, Banking, Financial Services, FMCG and others, flipping the early sentiment.

Sensex jumped 1,773 points from the day's low to settle at 185 points higher.

Meanwhile, Nifty50 ended the session at 22,713.10, up 33.70 points or 0.15 per cent.

"Indian equity markets ended the session on a strong recovery note, successfully reversing early losses and closing marginally in positive territory. The day began with a sharp gap-down, triggered by renewed geopolitical tensions following recent remarks from US President Donald Trump," said Ponmudi R, CEO of Enrich Money.

Top Gainers And Losers

From the Sensex basket, HCL Tech, Tech Mahindra, Infosys, TCS, HDFC Bank, Bajaj Finance, Maruti, Titan, Axis Bank, BEL, Kotak Bank, ITC and Bharti Airtel were top gainers. Asian Paints, Eternal, Sun Pharma, NTPC, Reliance, PowerGrid and Mahindra and Mahindra settled in negative territory.

On the sectoral front, IT stocks led the recovery, followed by banking and finance shares. The broader market remained cautious despite a recovery in key indices.


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