Markets extend gains for 5th session on fag-end buying IT stocks shine

World stocks were largely negative ahead of a slew of central bank meetings

Benchmark indices ticked higher for the fifth straight session on Thursday, buoyed by fag-end buying in IT stocks despite a largely downbeat trend overseas. A recovery in the rupee also boosted investor confidence. After swinging between gains and losses throughout the session, the 30-share BSE Sensex saw robust buying towards the fag-end to close 95.71 points or 0.16 per cent higher at 59,202.90. Similarly, the broader NSE Nifty climbed 51.70 points or 0.30 per cent to 17,563.95. 

HCL Technologies topped the Sensex gainers’ chart, spurting 2.22 per cent, followed by Tech Mahindra, NTPC, PowerGrid, Bajaj Finserv, Nestle India, Bharti Airtel, TCS