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Indian stock markets ended the November series with a bang as frontline indices created new records on Thursday. S&P BSE Sensex and Bank Nifty ended at lifetime highs while NSE NIfty50 managed a lifetime high closing at 18,484.10. The broader market index is only inches away from an all-time high of 18,604 which it hit on 19 October 2021. Banks & financial services and energy stocks acted as catalyst helping top indices achieve the feat.
Sensex closed at 62,272.68 gaining 762.10 points or 1.24 per cent after scaling 62,412.33 in the intraday trade.
Bulls started strong riding on positive sentiments from major markets and only strengthened their grip on the street as the session progressed. The trigger was FOMC meeting minutes which suggested that there was now a consensus on reducing the extent of rate hikes in the US. The Fed also acknowledged that the rate hikes did not achieve the desired results.
INDIA VIX, a measure of volatility in Nifty closed at 13.48, down 4.02 per cent.
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In Nifty50, 44 stocks advanced, 5 declined while 1 remained unchanged. The top gainers were Apollo Hospitals, HDFC Life, BPCL, Infosys and Tata Consumers while the top losers were Cipla, Coal India, Bajaj Finserv, Kotak Bank, Bajaj Finance and Hero MotoCorp.
Out of 15 Nifty sectoral indices, 14 ended the day in the green. Nifty Financial Services 25/50 was the top gainer and was up 1.30 per cent. Nifty Bank (+0.81 per cent) and Nifty Oil & Gas (+1.09 per cent) were other top performing sector benchmarks. Nifty Consumer Durables was lone loser with minor declines.
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There was stock specific action in broader markets as well, with Nifty Mid Cap 100 and Nifty Small Cap 100 settling at 31,289.25 (+0.44 per cent) and 9,740.65 respectively. Policy Bazaar, GSPL and PFC were the top gainers in among mid-caps while Vodafone Idea, SunTV and Prestige were among top losers.
In the small cap segment Redington, MRPL and BCG gained the most while GNFC, NBCC and Deepak Fertilisers were top losers. In the 100-stock index 57 advanced, 42 declined while 1 stock remained unchanged.
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