Indian shares rose notably on Thursday, with firm global cues and declining COVID-19 cases in the country boosting sentiment.
Cues from Asia and Europe were positive despite mixed messages from Federal Reserve officials on inflation and the rate outlook.
The benchmark 30-share BSE Sensex jumped 392.92 points, or 0.75 percent, to 52,699, while the broader NSE Nifty index ended up 103.50 points, or 0.66 percent, at 15,790.45.
IT stocks led the surge, with Infosys rallying 3.5 percent. The company’s Rs. 9,200 crore share buyback program will open on Friday. TCS jumped 3.3 percent and Tech Mahindra advanced 2.2 percent.
Among other top gainers, Larsen & Toubro and JSW Steel both rose over 2 percent.
Heavyweight Reliance Industries fell 2.6 percent as the conglomerate unveiled massive capex plans at its annual general meeting.
Bharti Airtel, Shree Cement, Coal India and IOC all ended down about 1 percent.
Orchid Pharma shares plunged 10 percent after promoter Dhanuka Laboratories proposed to sell up to 32.80 lakh shares in the company through an offer for sale.
Sensex, Nifty Rise On Firm Global Cues; RIL Drags
2021-06-24 11:12:11
