The Indian equity benchmarks gained second consecutive session on Thursday driven by gains in metal, auto, information technology and oil & gas shares.

At the highest intraday, the Sensex rose as much as 334 points to hit a day high of 49,011.31 and the Nifty 50 index touched an intraday high of 14,743.90. At close, the BSE Sensex ended 272 points higher at 48,950 and the Nifty 50 index added 107 points to 14,724.80. 

Among Nifty stocks, Hindalco was the top gainer, up 5.13% followed by Hero MotoCorp and Wipro, which gained 4.49% and 4.42% respectively.  Tata Motors, Eicher Motors, Tata Steel, Bajaj Auto, HDFC, BPCL, Grasim, Tech Mahindra, JSW Steel, Infosys, Maruti Suzuki were the other major gainers in the Nifty.

Broad-based buying witnessed in Thursday's session as nine of 11 sector gauges compiled by the NSE ended higher led by the Nifty Metal index's 2.75 percent gain. Auto, information technology, media, financial services and realty indices also rose between 0.7-1.8 percent. Conversely, pharma and PSU bank indices ended lower.

Pandemic adversely hit 20-25 pc of auto fuel demand in April: Wood Mackenzie

Petrol and diesel prices rise for third day in a row as elections ends price rise begins

Modi govt's big decision for pensioners in corona period, these people will get benefit