Stock indices Sensex and Nifty closed higher for the second day, thanks to gains in IT, tech, and capital goods. It’s like the stock market did a happy dance! The 30-share BSE Sensex initially stumbled in the late afternoon but then recovered like a pro, jumping 178.58 points or 0.25% to settle at 72,026.15. It even soared 308.91 points or 0.42% during the day to reach 72,156.48.
The Nifty joined the party by climbing 52.20 points or 0.24% to 21,710.80. Among the Sensex firms, Larsen & Toubro, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Axis Bank, ICICI Bank, and Wipro were the cool kids gaining the most.
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On the flip side, Nestle India, Asian Paints, JSW Steel, Kotak Mahindra Bank, and HDFC Bank were not having the best day – they were the losers of the stock market game.
In other news, the services sector in India is doing a happy dance too! A survey said that in December, the HSBC India Services PMI Business Activity Index rose from 56.9 to 59, reaching a three-month high. It seems like the services sector had a good time in December, enjoying the positive demand trends and economic conditions.
And guess what? On Thursday, the BSE benchmark rose by a whopping 490.97 points or 0.69% to settle at 71,847.57, while the Nifty surged 141.25 points or 0.66% to 21,658.60. It’s like the stock market decided to throw a pre-weekend party!
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In the global market scene, Tokyo partied in the positive territory, but Seoul, Shanghai, and Hong Kong were like, “Eh, not today.” Meanwhile, European markets were trading with losses, and the US markets ended mostly lower on Thursday. It seems like the global market is having a bit of a rollercoaster ride.
Oh, and by the way, Brent crude, the cool kid in the oil benchmark group, climbed 0.94% to USD 78.32 a barrel. It’s like oil is saying, “I’m going up, up, and away!”
And the foreign investors (the big spenders) bought equities worth Rs 1,513.41 crore on Thursday. Looks like someone is treating themselves to some stock market goodies!