ICICI, Axis, HDFC Bank lift Sensex 659 pts, Nifty near 17,800; metals dip

CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent

CLOSING BELL

Stock market highlights: Domestic markets jumped on Thursday as falling crude oil prices and government bond yields supported equities. The S&P BSE Sensex settled the day at 59,688, up 659 points or 1.12 per cent. The Nifty50, on the other hand, closed near the 17,800-mark at 17,799, higher by 174 points or 0.99 per cent.

Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent, while Hindalco, SBI Life, Tata Steel, Coal India, Tata Consumer Products, and Tata Motors fell over 1 per cent.

The broader markets, though in the positive zone, underperformed the benchmarks today. The BSE MidCap and SmallCap indices added 0.3 per cent and 0.6 per cent, respectively.

Sectorally, the Nifty PSU Bank index surged 2.5 per cent, while the Nifty Metal index fell 0.76 per cent. 

4:14 PM

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4:08 PM

COMMODITIES CHECK: Brent Crude continues to remain below $90 per barrel

Source: oilprice.com

4:06 PM

GLOBAL CHECK: European markets mixed ahead of ECB's interest rate stance

4:01 PM

GLOBAL CHECK: US equity futures trade flat after Wednesday's smart rally

3:57 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

The domestic financial market experienced a wave of optimism tracking strength across global markets as oil prices eased, cooling investor concerns about rising inflation. Despite premium valuations, consistent FII inflows are aiding Indian bourses to stay resilient. On the sectoral front, auto stocks were in focus as retail sales of automobiles grew 8.31% YoY in august while banking stocks moved in sync.

3:53 PM

Paint stocks gain as Brent Crude slips below $90 per barrel

3:50 PM

Apollo Tyres, ABFRL, Adani Enterprises among stocks that hit 52-week high

3:46 PM

Hindalco, Tata Steel, Coal India top Nifty50 laggards

3:44 PM

Shree Cement, BPCL, Axis Bank top Nifty50 leaders

3:42 PM

Broader markets upbeat; India Vix cools off 5%

3:40 PM

Nifty PSU Bank best sectoral performer, gains over 2%

3:37 PM

SENSEX HEATMAP: Only 5 out of 30 index constituents slip in red

3:35 PM

CLOSING BELL: Nifty50 closes above 17,750 levels, nearly 1% higher

3:32 PM

CLOSING BELL: Sensex closes over 650 points higher

3:25 PM

PSU Banks sizzle in an upbeat market: Indian Bank, BoB hit 52-week high