Indian markets ended higher on Thursday after a volatile session with buying in auto, IT, and healthcare stocks after initial losses.
At close, Sensex was up 115 points or 0.15% at 76,520.38. Nifty 50 was up 50 points or 0.22% at 23,205.
19 out of 30 Sensex stocks closed in green. Tech Mahindra, Sun Pharma, M&M, Zomato, UltraTech Cement and Titan were the top gainers.
On the other hand, HUL, HDFC Bank, SBI, Reliance Industries, and HCL Tech were among the losers.
On Nifty 50, Wipro, Sun Pharma, Grasim, UltraTech Cement and others were top gainers, while, BPCL, Kotak Mahindra, SBI, Reliance, and HCL Tech were top losers on NSE.
Broader markets outperformed benchmarks, Nifty SmallCap up 1.1% and MidCap up 1.6%.
Among sectors, Nifty IT led the charge, up 2%. Nifty PSU Bank was under pressure, down 0.5%.
The market was slightly positive on Thursday with over 2,100 stocks up on BSE and 1,800 down.
Market experts said the hope is that US President Donald Trump’s administration will temper its stand to not choke the US and global economy.
“However this policy direction is back to the trade-war playbook where volatility is the new normal and headlines can move markets quickly,” they added.
Rupak De from LKP Securities said after a good start the day was quiet with the index not moving much.
Below 23,400 the trend will continue. 23,150 and 23,000 are the supports.
