Markets Close Higher; Sensex Climbs Above 100 Points

The benchmark equity indices Sensex and Nifty closed higher on Thursday but saw very erratic patterns throughout the day owing to mixed global market trends.

The BSE Sensex soared 141.34 points, or 0.18 percent to 77,478.93. The NSE Nifty advanced 51.00 points, or 0.21 percent to 23,567.00.

Vedanta, SRF, Berger Paints, Grasim Industries, Hindalco, Samvardhana Motherson, Jio Finance Serv., Adani Ports, and JSW Steel were the top gainers.

Among the laggards were Power Finance Corp, Hero MotoCorp, Sun Pharmaceutical, Mahindra & Mahindra, Bosch, RECL, Colgate-Palmolive, and NTPC.

In Asian markets, Singapore, Tokyo, South Korea, Indonesia, and Taiwan closed higher, while Hong Kong, Shanghai, Thailand, and Malaysia ended lower.

US markets were closed on Wednesday in celebration of Juneteenth.

European stocks were on a mixed note.

Brent crude gained 0.64 percent to USD 85.07 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 7,908.36 crore on Wednesday.

On Wednesday, the Sensex inched up 36.45 points, or 0.05 percent to 77,337.59 while the Nifty went down by 41.90 points, or 0.18 percent to 23,516.00.

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