Sensex, Nifty see best day in over 2 weeks | Check top gaining shares
India Today
The NSE Nifty 50 index jumped 1.49 per cent or 256.05 points to 17,392.6, while the S&P BSE Sensex rose 1.53 per cent or 874.18 points to 57,911.68.
The Sensex and Nifty on Thursday marked their best session since April 4, buoyed by sharp gains in conglomerate Reliance Industries and beaten-down information technology stocks, while automakers climbed to two-month highs.
The NSE Nifty 50 index jumped 1.49 per cent or 256.05 points to 17,392.6, while the S&P BSE Sensex rose 1.53 per cent or 874.18 points to 57,911.68.
The indexes are still down marginally for the month on worries around the Ukraine crisis, surging inflation and a rout in technology stocks following weak earnings from Tata Consultancy Services and Infosys.
The Nifty Auto index was the best performing sub-index, climbing 2.2 per cent. Top carmaker Maruti Suzuki advanced 2.8 per cent, while truckmaker Eicher Motors surged 4.5 per cent.
Heavyweight Reliance rose for a third session and settled at a record high. Morgan Stanley raised its target price on the conglomerate's stock earlier this week and said it expects up to a 10 per cent boost to the company's net asset value in anticipation of quicker hydrogen monetization.
Three-wheeler maker Atul Auto surged 11.7 per cent after saying its unit will partner with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solution.
IT services provider HCL Technologies was up 0.9 per cent ahead of its quarterly results. The Nifty IT index, which plunged to eight-month lows earlier this week, closed 1.4 per cent higher.
