Sensex Revisits 66K As Stock Markets Post Gains For A Fifth Day

The Sensex rose 385 points to recapture the 66,000 mark on Thursday, spurred by strong purchasing in index majors HDFC Bank, L&T, and SBI notwithstanding a sluggish trend in global stocks.

Traders noted that a drop in crude oil prices in the international market helped domestic equities.

For the sixth consecutive day, the BSE Sensex recovered all of its early losses and closed with a gain of 385.04 points or 0.58 percent at 66,265.56. It reached a low of 65,672.34 and a high of 66,296.90 during the day.

The Nifty climbed 116 points or 0.59 percent to 19,727.05.

Larsen & Toubro led the Sensex pack with a 4.26 percent increase, followed by IndusInd Bank, Tech Mahindra, State Bank of India, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank, and Wipro.

The major laggards were Mahindra & Mahindra, Infosys, UltraTech Cement, and Hindustan Unilever.

Seoul, Tokyo, Shanghai, and Hong Kong all finished lower in Asian markets.

Early trades in European markets were positive.

On Wednesday, the US markets finished in the red.

Brent crude fell 0.72 percent to USD 89.95 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,245.86 crore on Wednesday.

On Wednesday, fag-end buying helped the BSE benchmark rise 100.26 points or 0.15 percent to conclude at 65,880.52. The Nifty rose 36.15 points or 0.18 percent to close at 19,611.05.

Also read: Gains In G20 Negotiations On MDB Reform And Crypto Regulation