Market Closing: Sensex Ends 2-Day Losing Run, Surges 406 pts; Nifty Near 19,550
Market Closing: Sensex Ends 2-Day Losing Run, Surges 406 pts; Nifty Near 19,550
Equity benchmark indices opened with firm gains on Thursday, tracking recovery in global markets

Sensex Today: A relief rally in global equities lifted sentiment on Dalal Street as well with the benchmark indices settling around 0.6 per cent higher each.

The S&P BSE Sensex gained 406 points to end at 65,632 levels, while the Nifty50 advanced 110 points to shut shop at 19,546.

L&T, Titan Company, TCS, Bajaj Auto, M&M, Infosys, Eicher Motors, Asian Paints, and ICICI Bank were the top stocks that supported the indices, rising between 1 per cent and 2.15 per cent.

In the broader markets, the indices ended mixed with the MidCap index down 0.03 per cent and SmallCap index edging up 0.6 per cent.

Among sectors, the Nifty IT and Media indices rallied 1 per cent and 1.6 per cent, respectively. On the downside, the Nifty PSU Bank, Pharma, and Metal indices fell up to 0.5 per cent.

Global Cues

In the US, stocks closed higher aided by a pullback in treasury yields from multi-year highs after a survey showed 89,000 private jobs were added in Sept, way below the 160,000 estimate.

The Dow Jones gained 0.39 per cent, the S&P 500 added 0.81 per cent and the Nasdaq Composite gained 1.35 per cent.

Asian markets also ticked higher this morning with Nikkei, Hang Seng rising 0.9 and 0.3 per cent, respectively. Strait times and S&P/ASX 200 rose up to 0.5 per cent. Kospi was up 0.6 per cent.

Brent Crude added losses, by falling 5 per cent to $86 a barrel due to weak gasoline demand in the US and bleak macroeconomic sentiment.

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