Now Reading: Sensex Gains Over 200 Points as Markets Close Higher
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Sensex Gains Over 200 Points as Markets Close Higher
Indian equity benchmarks ended higher on Thursday, with the Sensex rising over 200 points to above 78,785 and the Nifty gaining more than 11 points to close at 24,636, according to ABP…
The Story in Brief
Indian equity benchmarks ended higher on Thursday, with the Sensex rising over 200 points to above 78,785 and the Nifty gaining more than 11 points to close at 24,636, according to ABP Live. Reliance Industries and State Bank of India led gains, while some banking, pharmaceutical and infrastructure stocks declined. Foreign institutional investors remained net sellers, offloading ₹943.42 crore on Wednesday.
Lower Brent crude prices and the Reserve Bank of India’s unchanged policy rate supported sentiment. The RBI retained its repo rate at 5.25% and neutral stance, raised its current-year growth forecast to 6.7% and lowered its inflation projection to 5%. Markets continued adjusting to the new Closing Auction Session mechanism introduced on Monday.
The Indian Opinion
The rise suggests some confidence in domestic growth and inflation expectations, but it does not remove market risks. Continued foreign selling, weaker Asian markets and uncertainty over energy costs could affect sentiment. Analyst stock calls based on charts are not assurances of returns. Investors may therefore view the gains cautiously rather than as proof of a lasting trend.
Sources (4): thehindu.com, ndtvprofit.com, news.abplive.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.
