Indian equity benchmarks ended higher in broad-based rally on Thursday, tracking firm cue from fellow Asian peers and rally in oil prices. The market saw value-buying in frontline blue-chips after the Finance Minister Arun Jaitley said that tax collection will exceed budget estimates which will help in achieving fiscal deficit target for the current fiscal. Outperforming the benchmark indices, the broader markets were in upbeat mood with the BSE MIDCAP and the SMLCAP rising as much as 1.32 per cent and0.98 per cent respectively.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 26878.24, up by 245.11 points or by 0.92 per cent, and the NSE Nifty ended at 8273.8, up by 83.3 points or by 1.02 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26917.21 and intraday low of 26738.42, while the NSE Nifty touched intraday high of 8282.65 and intraday low of 8223.7.
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 287.75,+4.88%), Tata Steel Ltd. (Rs. 419.15,+3.47%), Tata Motors Ltd. (Rs. 501.95,+3.18%), Oil And Natural Gas Corporation Ltd. (Rs. 199.65,+2.73%), Power Grid Corporation of India Ltd. (Rs. 190.80,+2.50%), among others.
On the flip side, Tata Consultancy Services Ltd. (Rs. 2334.55,-1.85%), HDFC Bank Ltd. (Rs. 1183.45,-0.22%), Infosys Ltd. (Rs. 996.40,-0.19%), NTPC Ltd. (Rs. 164.75,-0.03%), were among top losers on BSE.
On the sectoral front, metal and auto stocks emerged as top gainers, adding as much as 3 per cent and 1.84 per cent respectively.
The market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 3146, shares advanced were 2041 while 961 shares declined and 144 were unchanged.