Stock markets closed with marginal gains on Thursday after a day of fluctuating performance. The Sensex rose 156.70 points to close at 76,561.69, while the Nifty advanced 60.90 points to end at 23,216.25.
The indices began the session on a negative note, with the Sensex dropping 175.15 points to 76,229.84 and the Nifty falling 51.20 points to 23,104.15 at the opening.
Investor sentiment was subdued in the early hours due to weak global cues and economic concerns. The initial market breadth reflected a bearish trend, with 40 Nifty stocks declining, 10 advancing, and 1 unchanged.
By the session’s end, 30 Nifty companies closed higher, 2 fell, and 1 remained unchanged. Among the top performers were UltraTech Cement, Grasim, Wipro, Shriram Finance, and Sun Pharma. BPCL, Kotak Bank, HCL Tech, SBI, and Reliance were among the notable losers.
Midcap and smallcap stocks contributed to the market’s recovery, supported by renewed activity in the IT and cement sectors. Mid-sized IT stocks performed well amid expectations of favorable conditions in the US economy under Trump.
Shriram Subramanian, Founder and Managing Director of InGovern Research Services, described the market as mixed, with significant movements in midcap and smallcap segments.
The markets’ gains reflect cautious optimism as investors monitor ongoing global and domestic economic developments. Sector-focused investments are likely to influence trading patterns in the sessions ahead.
(ANI)
