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Sensex ends 92 pts higher, Nifty near 14,600; SAIL tanks 10%, HAL up 9%

Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%

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MARKET WRAP | Markets | Infosys

SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

MARKET LIVE: Sensex up 400 points from day's low; PSBs gain, metals slip
Stock market updates: The Indian markets ended Thursday's volatile session with marginal gains amid weekly options expiry as Tata Consultancy Services (TCS) and Reliance Industries helped the benchmark indices erase early losses.

The S&P BSE Sensex closed at 49,584, up 92 points, or 0.19 per cent. The index hit an intra-day high and low of 49,664 and 49,182, respectively. The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent. IndusInd Bank (up 3 per cent) and TCS (up 2.7 per cent) were the top Sensex gainers, while Reliance Industries also rose 1 per cent. On the other hand, HCL Tech (down 2 per cent) led the list of losers. Out of the 30 Sensex constituents, 16 ended the day in the green.

Among other individual stocks, Infosys plunged as much as 5 per cent while Wipro fell 6 per cent in the intra-day deals as investors booked profits in both the stocks after the companies posted better-than-expected numbers for the December quarter (Q3FY21). Both the stocks partially erased their losses and ended with marginal losses.

On the other hand, Hindustan Aeronautics ended the day 9.5 per cent higher after the government approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force at a cost of Rs 48,000 crore. READ MORE

The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8 per cent and 0.7 per cent, respectively being offset by losses in Nifty Metal index, down 1 per cent.

In the broader markets, the S&P BSE MidCap and SmallCap indices ended 0.29 per cent and 0.17 per cent higher, respectively.

Global markets

US Treasuries slipped on Thursday on a report that President-elect Joe Biden will announce a stimulus package as big as $2 trillion, while Japanese stocks surged to a new three-decade peak as investors extended bets on a global growth rebound.

Japan's Nikkei closed up 0.9 per cent at its highest level since August 1990. It has gained 25 per cent since the end of October.

MSCI's index of Asia shares outside Japan was steady a whisker short of Monday's all-time high. S&P 500 futures, FTSE futures and EuroSTOXX 50 futures all rose about 0.2 per cent.

(With inputs from Reuters)

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