Indian shares hit fresh record highs on Thursday amid the expiration of weekly derivative contracts. Positive global cues also offered some support as tame U.S. inflation data confirmed the Fed thesis that inflation is transitory.
The benchmark 30-share BSE Sensex ended the session up 318.05 points, or 0.58 percent, at 54,843.98, marking a record closing high.
The broader NSE Nifty index settled up 82.15 points, or half a percent, at 16,364.40 after two days of sluggish trading.
Power Grid Corp topped the gainers list to rise as much as 6 percent after the company said it would infuse Rs. 425 crore in its joint venture Energy Efficiency Services Limited (EESL).
Tech Mahindra jumped 4.7 percent after announcing it has expanded collaboration with Microsoft Corp. to strengthen hybrid cloud capabilities.
Tata Motors climbed 3.9 percent, Larsen & Toubro advanced 2.6 percent and HCL Technologies added 2.4 percent.
IRCTC, the tourism and catering arm of Indian Railways, surged 4.7 percent after announcing a stock-split.
VIP Industries shares soared 20 percent as the luggage and travel accessories maker reported net profit after four consecutive quarters of loss.
Eicher Motors led losses to end down as much as 4.1 percent ahead of its earnings release.
Zomato dropped 1 percent on profit taking after climbing more than 9 percent in the previous session.
Lupin slumped 7 percent to extend losses for the fourth straight session.
Sensex Jumps 318 Points; Nifty Ends At 16,364
2021-08-12 11:10:37
