The BSE Sensex rose 776.50 points, or 1.35 percent, to close at 58,461.29 on Thursday, while the NSE benchmark Nifty50 index rose 234.75 points, or 1.37 percent, to 17,401.65. Despite a sluggish start to European indexes and mixed Asian shares, the market gained ground. IT, metal, auto, and FMCG stocks led the market higher. Nifty IT, the NSE's IT sub-index, increased by 2 percent.
The main Nifty gainers included Adani Ports, HDFC, Power Grid Corp, Tata Steel, and Sun Pharma. ICICI Bank, Cipla, and Axis Bank were among the losers. The IT, metal, realty, auto, FMCG, oil & gas, and power indexes all finished in the green, with the IT, metal, realty, auto, FMCG, oil & gas, and power indices all up 1-2 percent. The BSE Midcap and Smallcap indices both gained 1 percent.
Tega Industries' IPO was subscribed 10.8 times on the second day of its offering, with retail component subscriptions at 14.5x, NII (rich investors) at 16.1x, and QIB at 16 percent. Anand Rathi Wealth's initial public offering (IPO) was fully subscribed on the first day. The total number of bids received was 1.2x, with retail offers of 1.9 percent and NII bids of 1.2x.
Meanwhile, the Indian rupee finished at 75 versus the dollar, up from 74.91 at the previous close.