The NSE Nifty rose 0.35% to close at a record high of 24,587, while the S&P BSE Sensex also hit a record close, climbing 0.18% to 80,665. This marks the second consecutive record closing for both benchmarks, fueled by strong earnings reports from TCS and HCLTech, which boosted optimism about a recovery in IT demand.
Domestic benchmark equity indices advanced on Thursday, led by heavyweight banking and IT stocks. Nifty formed a small Hanging Man pattern on the daily chart. Tata Motors, HDFC Bank, RIL, M&M, SBI, ICICI Bank and Bharti Airtel were among the most active stocks.
Sensex on Thursday surged 487 points to settle at 74,339. NSE Nifty advanced 168 points to close at 22,570. Nifty formed a bullish engulfing candle following a series of small candles
The benchmark NSE Nifty50 and the S&P BSE Sensex indexes each settled about 0.2% higher at 22,402 and 73,853, respectively. Nifty on Wednesday ended 34 points higher to form a Doji candle on the daily chart which indicates indecisiveness prevailing in the marketplace at the current juncture.
Nifty futures on the NSE International Exchange traded 8.50 points, or 0.04 per cent, higher at 21,715.00, hinting at a flattish start for the domestic market on Friday.
A long build-up was seen in 58 stocks, which included Delta Corp, HDFC Asset Management Company, Gujarat Gas, Torrent Pharmaceuticals, and Mahanagar Gas.
The 30-share BSE Sensex pack rose 331 points or 0.51 per cent to trade at 65,407, while the broader NSE Nifty moved 92 points or 0.48 per cent up to trade at 19,435. Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.78 per cent and small-cap gained 1.01 per cent.
Nifty futures on the Nifty International Exchange traded 10 points, or 0.05 per cent, lower at 19,769.50, hinting at a flattish start for the domestic market on Tuesday.