Indian market indexes on Thursday recovered from early losses to end the day higher by gains in technology and energy stocks. On high buying demand in index heavyweights Tata Consultancy Services (TCS) and Reliance Industries, the domestic indices halted a two-day losing streak.
The 30-share BSE Sensex closed at 55,818, up 437 points or 0.79 percent, while the wider NSE Nifty rose 105 points or 0.64 percent to 16,628. Mid- and small-cap stocks ended the day higher, with the Nifty Midcap 100 up 0.68 percent and small-cap up 0.61 percent.
The NSE's 15 sector gauges all ended the day in the green. Nifty IT and Nifty Oil and Gas sub-indices both outpaced the platform, climbing 1.82 percent and 2.28 percent, respectively. The highest Nifty gainer was Reliance Industries, which rose 3.60 percent to Rs.2,728.30. Among others gainers were Bajaj Finserv, Sun Pharma, TCS, and HCL Tech.
Reliance Industries, Bajaj Finserv, Sun Pharma, HCL Tech, TCS, Infosys, Asian Paints, Tata Steel, IndusInd Bank, NTPC, Titan, and Nestle India were among the top gainers on the BSE index of 30 stocks. On the other hand, HDFC, PowerGrid, Hindustan Unilever, HDFC Bank, Kotak Mahindra Bank, Maruti, ICICI Bank, M&M, L&T, and Tech Mahindra all ended up in the red. Also, the Life Insurance Corporation of India (LIC), the country's largest insurer and domestic financial investor, dropped 0.58 percent to Rs.805.85.
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