After a day of volatile trading, the Indian stock market finally closed with gains on Thursday. The market saw good gains in early trading, but some pressure was also felt in the last minutes. At the end of trading, Sensex closed 238.22 points higher at 76,741.82, while Nifty was up 80.75 points at 23,962.80. The bullish environment in the market also increased the confidence of investors.
**Buying emphasis in the market**
Shopping dominated today’s business. On the National Stock Exchange (NSE), 2,793 shares saw gains, while 1,263 shares closed with losses; There was no change in 167 shares. This shows that investors bought heavily in many sectors.
**Sun Pharma and Bharti Airtel among the biggest gaining stocks**
Sun Pharma was the biggest gainer among Nifty stocks, rising 2.6%. Besides, Bharti Airtel gained 2.2%, InterGlobe Aviation (IndiGo) gained 2%, Kotak Mahindra Bank gained 1.9% and Eicher Motors gained nearly 2%. Strong buying in these stocks played an important role in taking the market higher.
**Dr. Pressure on Reddy’s and IT shares**
While many stocks saw gains, some big stocks were under downward pressure. Dr. Reddy’s Laboratories was the biggest loser of the day, falling by about 5.9%. Other major losers included Infosys (-1.7%), Maruti Suzuki (-1.6%), NTPC (-1.4%) and ONGC (-1.3%).
**Most buying in realty and PSU bank shares**
Sector wise, most of the sectors closed with gains. Nifty Realty Index saw the highest increase of 3.5%. After this, Nifty Media index gained 2%, while PSU Bank index and Consumer Durables index rose 1.6%. On the other hand, IT and auto sectors showed some weakness; The Nifty IT index closed 0.47% lower and the Auto index declined 0.25%.
** Tremendous rise in midcap and smallcap stocks **
The rally in the market also extended to midcap and smallcap stocks. The Nifty Midcap index closed with a gain of 1.4%, while the Smallcap index registered a strong gain of 1.8%. This shows that investor interest was not limited to large-cap stocks only; There was considerable buying in small and mid-cap stocks also.
