Indian benchmark indices ended higher on Thursday, extending their winning streak as strong buying in information technology stocks and easing crude oil prices lifted investor sentiment. The Sensex climbed nearly 580 points, while the Nifty 50 closed above the 24,150 mark after a positive trading session.
Technology stocks led the rally, with HCL Technologies, Infosys and Tech Mahindra emerging among the top gainers. Gains in heavyweight stocks such as Reliance Industries and Mahindra & Mahindra also supported the benchmarks, helping markets maintain momentum throughout the day.
On the other hand, Trent, Bharat Electronics (BEL) and Canara Bank were among the major losers, limiting the day’s gains as investors booked profits in select counters.
Broader markets also witnessed healthy buying, with the mid-cap and small-cap indices ending in positive territory. Most sectoral indices closed in the green, led by IT, auto and consumer stocks, while PSU banks remained under pressure.
Investor confidence received an additional boost from softer global crude oil prices. Lower oil prices are seen as positive for India as they help reduce inflationary pressures, improve corporate profitability and support economic growth.
Despite the upbeat equity markets, the rupee ended slightly weaker against the US dollar after giving up its early gains.
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