Stock market highlights:
Equity markets snapped their four-day losing run, ending near day’s high, as hefty buying emerged in energy, pharma, FMCG, and IT shares. The BSE Sensex bounced 813 points from the day’s low to settle at 55,320. This was 428 points, or 0.78 per cent, higher than its previous close.
On the NSE, the Nifty50 recovered from a low of 16,244 to end at 16,478, up 122 points or 0.74 per cent higher than yesterday’s close. In the broader markets, the Nifty MidCap and SmallCap indices added up to 0.5 per cent.
Dr Reddy’s Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers, while Oil India, Concor, IEX, Indraprastha Gas, PNB Housing, Suzlon, and CAMS topped charts in the mid- and small-cap segment.
Select financials and metals, including Tata Steel, SBI, Bajaj Finance, and HDFC, were the top laggards, along with NTPC, M&M, Ultratech Cement, HUL, and Asian Paints.
European stocks slid lower on Thursday ahead of the latest interest rate decision from the European Central Bank. The pan-European Stoxx 600 fell 0.7 per cent in early trade, with basic resources shedding 1.6 per cent to lead losses. Wall Street futures were, however, quoting 0.3-0.4 per cent higher.
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