Street Defies Global Mood, Ends Higher: Broader Indices Outperform, Metal Shines

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Street Defies Global Mood, Ends Higher: Broader Indices Outperform, Metal Shines

By Malvika Gurung

Investing.com -- The domestic market extended its positive run to the second consecutive session on Thursday as trading resumed after a day’s pause, bucking mixed global cues and oil surging to hover near three-week highs.

Indian equity benchmark indices ended in green on Thursday, after surging almost 1% in the session. 

Nifty50 closed 0.33% higher and Sensex rose 156.63 points or 0.27%, led by strong gains across metal, realty and IT sectors, while FMCG and select pharma stocks dragged the market lower.

Thanks to back-to-back gains in two sessions, investors on Dalal Street grew wealthier by Rs 7.6 lakh crore, as the market capitalisation of all  companies listed on BSE jumped to Rs 275.9 lakh crore.

Further, broader market indices outperformed their headline peers as Nifty Midcap 100 zoomed 1.26% and Nifty Smallcap 100 jumped 1.24% in the day.

Barring Nifty FMCG and Nifty Pharma , all the sectoral indices under the Nifty umbrella closed the day higher, led by Nifty Metal rallying 3.25%. Nifty Bank rose 0.44%.

Industry heavyweights like Tata Steel (NS: TISC ), ICICI Bank (NS: ICBK ) and Infosys (NS: INFY ), among others, helped the market rise in the session, rising up to 2.2%.

Tata Steel was the top gainer on Sensex while Bharti Airtel (NS: BRTI ) tanked the most.

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