Sensex, Nifty End At Three-Week High

Sensex surges 100 points, Nifty opens above 10000; Bharti Airtel, Sun Pharma GAIL up 1.5%

Tata Consultancy Services gained about 2 percent while Reliance Industries Ltd, which is slated to post results on Friday, climbed over 4 percent and contributed to most of the gains on the indexes.

The wider Nifty50 of the National Stock Exchange (NSE) surged by 111.60 points, or 1.12 per cent, to provisionally close at 10,096.40 points (at 3.30 p.m.). Meanwhile, the Nifty was trading higher by 25.80 points or 0.26% at 10,010.60 with 30 components gaining. In the pre-opening session on Thursday, Sensex was up over 100 points while Nifty was above 9950.

"Technically, the Nifty by rising sharply today has nullified the negative pattern created in the last session".

Breaking a three-day gaining streak, key Indian equity indices closed on a lower note on Wednesday as investors booked profits ahead of the release of important macro-data as well as quarterly earnings results of corporates, according to market observers.

"Good demand on consumer stocks on arrival of festival season and ecstasy on pharma stocks amid some positive regulatory approvals fuelled the market". The Indian rupee opened flat at 65.13 per dollar on Thursday versus previous close 65.14.

Intra-day, the NSE had scaled a high 10,104.45.

On a closing basis, the market capitalisation of the company stood at Rs 5,52,515.10 crore, as shown on the BSE side.

MSCI's broadest index of Asia-Pacific shares outside Japan nudged 0.24 per cent higher to test a recent decade peak of 545.56.

Sector-wise, the S&P BSE metal index surged by 266.16 points, followed by banking index by 257.27 points and automobile index by 245.75 points.

Hindalco, Infratel, Reliance Industries, Sun Pharma and Vedanta led the gainers in the Nifty pack while Bharti Airtel, UltraTech Cement and International Olympic Committee were among the top decliners.

On the other hand, Bharti Airtel (0.99%), Coal India (0.83%), Adani Ports and Special Economic Zone (0.65%), Asian Paints (0.51%), Tata Motors (0.43%), and ICICI Bank (0.41%) were the biggest losers in the Sensex.

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