Nifty Ends At Record High Led By PSU Banks, IT stocks

The Sensex and Nifty closed higher on Thursday, supported by robust gains in banking and information technology sectors amid bullish global indications. The BSE Sensex closed 97.70 points, or 0.19 percent, higher at 51,115.22, while the NSE Nifty gained 36.40 points, or 0.24 percent, to 15,337.85.

PSU Bank, IT, metals, and auto indices led increases among sectors, while Nifty Realty and Nifty Pharma ended in the red.

On Thursday, the rupee gained 17 paise to end at 72.60 (provisional) against the US dollar, leading to higher domestic stocks.

For the second day in a row, IT stocks were in the spotlight as investors returned to this sector due to the continued visibility of earnings growth. Banks, metals, and automobiles were also in the spotlight.

The surge was supported by broader markets, with the smallcap and midcap indices both closing higher.

Meanwhile, according to the Union Health Ministry on Thursday, India's COVID-19 infection tally increased to 2,73,69,093 as 2,11,298 additional persons tested positive for the disease in a single day, while the country's recovery rate was reported at 90%.

Shree Cement, SBI, Bajaj Auto, Kotak Bank, Tech Mahindra, Ultratech Cement, Axis Bank, and Tata Steel were the top gainers, climbing between 2% and 4%, while HDFC, Bajaj Finance, ONGC, Bharti Airtel, and Indian Oil Corporation were the top losers, falling between 2% and 2.7 percent.

In other parts of Asia, bourses in Hong Kong, Seoul, and Tokyo ended the day in the red, while Shanghai ended the day in the green.

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