Market Closing: Nifty ends above 16,900, See Top stocks
Market Closing:  Nifty ends above 16,900, See Top  stocks
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Indian market indexes on Thursday  rose for the second day in a row, powered by robust buying demand in technology and banking stocks.

Most Asian markets rose cautiously as investors anticipated a slowing in the pace of US Federal Reserve interest rate hikes.

The 30-share BSE Sensex rose 1,041 points, or 1.87 percent, to 56,858 Thursday, while the wider NSE Nifty rose 288 points, or 1.73 percent, to 16,930. Mid and small-cap stocks closed strongly, with the Nifty Midcap 100 up 0.84 percent and the small-cap index up 0.85 percent.

The NSE's 15 sector indicators all finished in the green. Nifty IT and Financial Services sub-indices outperformed the NSE platform, surging as much as 2.81 percent and 2.41 percent, respectively.

The biggest Nifty gainer was Bajaj Finance, which rose 10.46% to Rs. 7,065.50 after the non-bank lender's quarterly profit more than doubled to Rs. 2,596 crore. Gainers were Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, and SBI Life.

On the BSE, the overall market breadth was positive, with 1,910 shares rising and 1,429 falling. Bajaj Finance, Bajaj Finserv, Tata Steel, Kotak Bank, IndusInd Bank, Tech Mahindra, Infosys, Asian Paints, Nestle India, Wipro, TCS, and HCL Technologies were among the top gainers on the 30-share BSE index, with shares rising as much as 10.68%.

Sebi comes out with new norms on settlement of client funds

Sebi notifies regulatory framework for social stock exchange

Rupee settled at 79.78 versus the US dollar

 

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