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Gains in bank stocks push markets up
Sensex rises over 222 pts; Nifty settles near 9,000
Mumbai: Equity benchmark Sensex rose over 222 points on Thursday, buoyed by gains in finance, energy and power stocks despite weak cues from global markets.
After swinging 784 points intra-day, the 30-share index settled 222.80 points or 0.73 per cent higher at 30,602.61. Similarly, the NSE Nifty ended 67.50 points, or 0.76 per cent, up at 8,992.80. NTPC was the top gainer in the Sensex pack, rallying nearly 6 per cent, followed by ICICI Bank, Titan, L&T, SBI, Sun Pharma and Nestle India. On the other hand, HCL Tech, Kotak Bank, Tech Mahindra, Hero MotoCorp and Infosys were among the laggards.
Domestic market opened on a softer note tracking mixed global cues as virus concerns continued to weigh on sentiment, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi. During the afternoon session, market gained positive traction as traders and investors were seen accumulating some large cap stocks, he noted.
