Sensex adds 385 points, Nifty settles above 17,000 mark

The BSE Sensex and the NSE Nifty finished higher on Thursday for the third consecutive day as investors pinned hopes of a possible year-end rally, despite the Omicron threat.

 IT, FMCG, real estate, and PSU bank stocks led the market higher. Both benchmark indices started the day higher and stayed positive throughout the day, eventually closing with slight gains. The Sensex finished 384.72 points higher, or 0.68 percent, at 57,315.28, while the Nifty50 index finished 117.15 points higher, or 0.69 percent, at 17,072.60. BSE Midcap index gained 1.01 percent, while the BSE Smallcap index gained 0.73 percent.

Power Grid Corp led the Nifty gainers with a 3.69 percent gain, followed by IOC and ONGC with 3.07 percent and 2.81 percent gains, respectively. Other notable gainers in the Nifty included ITC, Bajaj Finance, Hero MotoCorp, Infosys, Britannia, Tata Consumer Products, NTPC, Coal India, Axis Bank, Bajaj Finserv, BPCL, SBI, Titan, SBI, and Wipro, all of which rose more than 1.20 percent.

The Nifty's biggest loss was Divis Labs, which lost 1.86 percent, followed by JSW Steel and Bharti Airtel, which both sank 1.63 percent and 0.88 percent. The 50-share index also lost Sun Pharma, Ultratech Cement, Maruti Suzuki, Asian Paints, Eicher Motors, ICICI Bank, and Tata Steel.

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