Short covering and good corporate earnings performance supported the markets on Thursday with both benchmark indices closing in the green.
The BSE Sensex closed at 20,128.41 up about 180 points or 0.90 per cent from its previous close and the NSE Nifty closed at 6,038 up about 65 points or 1.08 per cent from its previous close. Alex Mathews, Head Research, Geojit BNP Paribas Financial Services Ltd said: "The quarterly numbers of the companies’ especially from banking and financial services sector were above the expectations which caused short covering and the mood is cautiously optimistic. We can expect more buying in frontline Banking stocks which are heavily oversold."
All sectoral indices closed in green on the BSE with realty and banking sector rallying the most and closing up around 2.53 per cent and 2.04 per cent respectively
India Vix index closing at 18.27 down 5.63 per cent from its previous close.
On the NSE, Reliance Infra, ONGC, Asian Paints, Axis Bank and Bank of Baroda were the top gainers while HCL Tech, M&M, TCS, Ultra Tech Cements and NTPC were the top losers.