Stock Markets Recover As April’s GST Revenues Set A Record

Stock markets rebounded on Thursday, with the Sensex finishing up 128 points after record GST collections in April, upbeat industrial statistics, and foreign capital inflows boosted investor morale.

The 30-share BSE Sensex soared 128.33 points or 0.17 percent to 74,611.11. During the day, it climbed 329.65 points or 0.44 percent to 74,812.43.

The NSE Nifty advanced 43.35 points or 0.19 percent to 22,648.20.

RECL, Cholamandalam Invest, Power Finance Corp, Trent, BPCL, Bosch, Power Grid Corp, Zydus, Asian Paints, Dabur India, and Vadanta were the top gainers.

Among the laggards were Kotak Mahindra Bank, PNB, Pidilite Industries, GAIL (India), Tata Consumer, Bharti Airtel, Axis Bank, and HDFC Life Insurance.

In Asian markets, Hong Kong, and Malaysia concluded in the green, while Tokyo, South Korea, Shanghai, and Taiwan ended in the red.

European stocks were trading on a mixed note.

US markets concluded on a mixed note on Wednesday.

Brent crude gained 1.02 percent to USD 83.88 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,071.93 crore on Tuesday.

On Wednesday, Domestic equity markets were closed to commemorate Maharashtra Day.

On Tuesday, the Sensex sank 188.50 points or 0.25 percent to 74,482.78, while the NSE Nifty lost 38.55 points or 0.17 percent to 22,604.85.

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