Equity markets continue to rise on third day despite extremely tumultuous trading

The benchmark equity indices Sensex and Nifty finished with moderate gains on Thursday, despite the planned monthly derivatives expiry and muted trend in the US markets.

The 30-share BSE Sensex closed 86.53 points or 0.13 percent higher at 66,988.44, marking its third day of advances. It reached a high of 67,069.89 and a low of 66,610.35 during the day.

Despite strong volatility in stocks throughout the day, the aggregate market valuation of all listed businesses on the biggest stock exchange BSE remained above the USD 4 trillion mark for the second day in a row.

On Wednesday, the combined market capitalization of all BSE-listed businesses surpassed the USD 4 trillion milestone for the first time.

The Nifty50 index of the National Stock Exchange rose 36.55 points or 0.18 percent to 20,133.15.

Tata Technologies and Gandhar Oil Refinery (India) Ltd made their stock market debuts, adding to the prevailing excitement in equities.

UltraTech Cement, Sun Pharma, Bharti Airtel, Mahindra & Mahindra, Wipro, Titan, Axis Bank, and Bajaj Finserv were the top gainers on the Sensex.

Among the laggards were IndusInd Bank, Asian Paints, Power Grid, Reliance Industries, Tata Motors, and State Bank of India.

Seoul, Tokyo, Shanghai, and Hong Kong all finished with advances in Asian equity markets.

European markets were trading in the green.

On Wednesday, the US markets finished mainly lower.

Brent crude improved by 0.84 percent to USD 83.80 per barrel.

According to exchange data, Foreign institutional investors (FIIs) bought securities worth Rs 71.91 crore on Wednesday.

On Wednesday, the BSE advanced 727.71 points or 1.10 percent to 66,901.91. The Nifty surged 206.90 points or 1.04 percent to 20,096.60.

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