Market on Thursday | Market snaps 3-day fall; auto, metal, financials rally
The Indian equity indices snapped three-day losing streak with Nifty closing at 25,900 amid positive global cues led by US Federal Reserve’s 25-basis-point interest rate cut.
At close, the Sensex was up 426.86 points or 0.51 percent at 84,818.13, and the Nifty was up 140.55 points or 0.55 percent at 25,898.55.
BSE Midcap index rose 0.8% and smallcap index added 0.5%.
Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel, Grasim Industries were among major gainers on the Nifty, while losers were Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance, Axis Bank.
All the sectoral indices ended in the green with auto, IT, pharma, telecom, PSU Bank, Private Bank, metal, realty up 0.5-1%.