Market Highlights: Breaking a three-session losing streak, the top equity indices on the National Stock Exchange (NSE) and the BSE closed more than 0.6% higher on Thursday. The S&P BSE Sensex saw a gain of 271.02 points (0.66%), concluding at 41,386.40, while the broader Nifty 50 recorded a rise of 73.00 points (0.60%) to settle at 12,179.90.
Noteworthy among individual stocks was Larsen & Toubro, whose shares closed 2.98% higher at Rs 1,332.80 on the BSE. This surge followed the company’s report of a 15.2% increase in its consolidated net profit, reaching Rs 2,352 crore for the quarter ending December 2019.
Within the sectoral indices on the NSE, the Nifty Bank index demonstrated significant growth, rising by 313.25 points (1.02%). This upswing was attributed to gains in the shares of State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.
In the previous session, the S&P BSE Sensex had closed at 41,115.38, marking a decline of 208.43 points (0.50%), while the Nifty 50 had decreased by 62.95 points (0.52%) to 12,106.90. In the broader market, the S&P BSE MidCap index settled at 15,536.63, down 50.04 points (0.32%), and the S&P BSE SmallCap index concluded at 14,633.16, down 18.60 points (0.13%).
