After opening with modest gains, indices remained under pressure in the first half. The key benchmark climbed on the last day of the December series as investors prepared to close out a volatile year for financial markets. However, as the day progressed, late bout of buying in the auto, metal and IT stocks lifted the benchmarks.
Short-covering on the back of futures and options (F&O) expiry and a rupee appreciation buoyed the Indian equity markets during the mid-afternoon trade session on Thursday.
Besides, budgetary expectations and value buying enhanced investors' risk-taking appetite, though negative global cues hampered the upward movement.
Sentiments got some support with report that the Cabinet Committee on Economic Affairs (CCEA) gave approval for over Rs 11,000 crore projects to improve rural road connectivity in the worst-affected left-wing extremism (LWE) districts from security angle.
The BSE Sensex ended with a gain of 155 points at 26,366. The BSE Sensex opened at 26,429 touched an intra-day high of 26,430 and low of 26,168.
The NSE Nifty closed with a gain of 69 points at 8,104. The NSE Nifty opened at 8,031 hitting a high of 8,111 and low of 8,021.
Metal, auto, realty, financial services, banking, IT and FMCG stocks led from the front. Only Pharma stocks were among the major losers.
Among the 50-stocks of Nifty, Grasim, Yes Bank, BPCL, Eicher Motors, Bosch, Tata Motors DVR, UltraTech Cements and Maruti Suzuki were among the gainers on NSE, whereas Adani Ports, Sun Pharmaceuticals, Aurobindo Pharma, Infosys, L&T, BHEL and SBI were among the losers today.
The India VIX (Volatility) index was down 1.67% at 15.2825. Out of 1,379 stocks traded on the NSE, 390 declined and 927advanced today. The BSE Midcap and Smallcap indices closed up by 1% each.
The rupee was trading up 14 paise at 68.09 per US dollar.
On the global front, Asian markets closed on a mixed trend, as the crude oil prices slipped after touching its highest level in more than a year overnight. The Nikkei 225 ended lower by 1%. Shanghai Composite ended in red and Hong Kong’s Hang Seng index index closed slightly higher.
European stocks trading in red. The FTSE 100, DAX and the CAC 40 were trading marginally down.
The Nifty IT index, which has fallen 9% so far this year, was 0.9% higher with Tech Mahindra and TCS as the top percentage gainers.
Shares of some pharmaceutical companies came under pressure after media report that the National Pharmaceutical Pricing Authority may bring rest of the 814 essential formulations under price control in the current financial year ending in March. Divis Lab fell 4.8%, whereas Glenmark, Sun Pharma and Aurobindo Pharma dropped 1% respectively.
Shares of IDBI Bank and IFCI gained on news of NSE filing papers with Sebi for its IPO. IFCI zoomed 13.4% on the BSE.
IRB Infrastructure gained 2.2% after the company has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project.
JMC Projects rallied 8% after company secured new orders worth over Rs 1,457 crore.
Pratibha Industries zoomed 11.5%. The company's board to meet on January 4, 2017 to approve the issue and allotment of shares on preferential basis to the lenders of the company under strategic debt restructuring (SDR) scheme.
Phoenix Mills rose 2%. The company on Wednesday said it has acquired the remaining 8.72% stake in its wholly-owned subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL).
Rajesh Exports advanced 1.4% after the company has received an export order worth Rs 929 crore for designer gold and diamond studded jewellery. The order is to be executed by March, the company said.
Goa Carbon rallied 3%. The company on Wednesday informed bourses that the operations at Bilaspur Plant have commenced from December 27, 2016.
A total of 12 stocks registered a fresh 52-week high in trades today, whereas 20 stocks touched a new 52-week low on the NSE.
Short-covering on the back of futures and options (F&O) expiry and a rupee appreciation buoyed the Indian equity markets during the mid-afternoon trade session on Thursday.
Besides, budgetary expectations and value buying enhanced investors' risk-taking appetite, though negative global cues hampered the upward movement.
Sentiments got some support with report that the Cabinet Committee on Economic Affairs (CCEA) gave approval for over Rs 11,000 crore projects to improve rural road connectivity in the worst-affected left-wing extremism (LWE) districts from security angle.
The BSE Sensex ended with a gain of 155 points at 26,366. The BSE Sensex opened at 26,429 touched an intra-day high of 26,430 and low of 26,168.
The NSE Nifty closed with a gain of 69 points at 8,104. The NSE Nifty opened at 8,031 hitting a high of 8,111 and low of 8,021.
Metal, auto, realty, financial services, banking, IT and FMCG stocks led from the front. Only Pharma stocks were among the major losers.
Among the 50-stocks of Nifty, Grasim, Yes Bank, BPCL, Eicher Motors, Bosch, Tata Motors DVR, UltraTech Cements and Maruti Suzuki were among the gainers on NSE, whereas Adani Ports, Sun Pharmaceuticals, Aurobindo Pharma, Infosys, L&T, BHEL and SBI were among the losers today.
The India VIX (Volatility) index was down 1.67% at 15.2825. Out of 1,379 stocks traded on the NSE, 390 declined and 927advanced today. The BSE Midcap and Smallcap indices closed up by 1% each.
The rupee was trading up 14 paise at 68.09 per US dollar.
On the global front, Asian markets closed on a mixed trend, as the crude oil prices slipped after touching its highest level in more than a year overnight. The Nikkei 225 ended lower by 1%. Shanghai Composite ended in red and Hong Kong’s Hang Seng index index closed slightly higher.
European stocks trading in red. The FTSE 100, DAX and the CAC 40 were trading marginally down.
The Nifty IT index, which has fallen 9% so far this year, was 0.9% higher with Tech Mahindra and TCS as the top percentage gainers.
Shares of some pharmaceutical companies came under pressure after media report that the National Pharmaceutical Pricing Authority may bring rest of the 814 essential formulations under price control in the current financial year ending in March. Divis Lab fell 4.8%, whereas Glenmark, Sun Pharma and Aurobindo Pharma dropped 1% respectively.
Shares of IDBI Bank and IFCI gained on news of NSE filing papers with Sebi for its IPO. IFCI zoomed 13.4% on the BSE.
IRB Infrastructure gained 2.2% after the company has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project.
JMC Projects rallied 8% after company secured new orders worth over Rs 1,457 crore.
Pratibha Industries zoomed 11.5%. The company's board to meet on January 4, 2017 to approve the issue and allotment of shares on preferential basis to the lenders of the company under strategic debt restructuring (SDR) scheme.
Phoenix Mills rose 2%. The company on Wednesday said it has acquired the remaining 8.72% stake in its wholly-owned subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL).
Rajesh Exports advanced 1.4% after the company has received an export order worth Rs 929 crore for designer gold and diamond studded jewellery. The order is to be executed by March, the company said.
Goa Carbon rallied 3%. The company on Wednesday informed bourses that the operations at Bilaspur Plant have commenced from December 27, 2016.
A total of 12 stocks registered a fresh 52-week high in trades today, whereas 20 stocks touched a new 52-week low on the NSE.
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