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Positive global cues, firming rupee and quarterly results of several corporates helped the stock markets end the day in the green on Thursday. The Indian benchmark indices, Nifty and Sensex, both rose over one per cent.
The Nifty in fact breached the 5,000 mark after a gap of 31 trading days. It was up 1.26 per cent or 62.60 points to close at 5,018.40. The Sensex was also up by 1.17 per cent or 192.27 points and closed at 16,643.74.
Realty, metal and oil and gas stocks led the rally.
“Postive Euro Zone reports along with quarterly results of corporates like HDFC, Bajaj Auto and Hero Motocorp, which were in line with expectations, helped the Nifty open with a an upside gap,” said the head of research of a brokerage house.
“More such results are expected from several other companies in the next few days and this along with a strengthening of the rupee caused the tremendous recovery in the markets today especially in the mid and small-cap companies,” he added.
Volatility was down, with the India Vix closing down 4.40 per cent, at 21.68.
Reliance Infrastructure, Tata Power, Sterlite, JP Associates and NTPC were the top five Nifty gainers while BHEL,M&M, Bharti Airtel, Siemens and Infosys were the losers on the Nifty.
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