Mumbai, 26 June (IANS). The Indian stock market closed in a green mark on Thursday due to positive global signals. The stock market saw all -round rise. At the end of trading, the Sensex rose by 1,000.36 points or 1.21 percent to 83,755.87 and the Nifty at 304.25 points or 1.21 percent to 25,549.00.
The stock market boom was led by banking and financial shares. During the session, the Nifty Bank created a new all-time high of 57,263.45 and it rose 585.55 points or 1.03 percent to close at 57,206.70.
Additionally, financial services, FMCG, metal, pharma, auto, energy, private banks and infra index closed in green mark. However, the IT and media index closed in red mark.
Midcap and smallcap were seen selling with largecap. The Nifty Midcap 100 index rose by 345.70 points or 0.59 per cent to 59,227.40 and the Nifty Smallcap 100 index at 77.75 points or 0.42 per cent to 18,805.60.
The Sensex pack had Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, HDFC Bank, Bajaj Finserv, NTPC, UltraTech Cement, Axis Bank, Tata Motors, L&T and Titan top gainers. At the same time, Trent, SBI, Tech Mahindra, Maruti Suzuki, TCS, Sun Pharma and Infosys closed in red mark.
Vinod Nair, Head of Research, Giyoned Investments Limited, said, “The benchmark index has shown the strong confidence of investors, which has supported the clear stability of the ceasefire in the Middle East, it has reduced concerns over potential supply chain disruption. Due to the decrease in yield sprade between American and Indian 10-year bonds, the FIIIs continued to reduce the Holdings.”
The market started rapidly. At around 9.26 am, the Sensex was trading at 239.27 points or 0.29 percent to 82,994.78, while the Nifty was 84.20 points or 0.33 percent to 25,328.95.
-IANS
ABS/
