Lagatar24 Desk
Mumbai, Dec.23: On strong global cues, the Indian equity indices traded higher for the third straight session on Thursday. Investors’ confidence grew after a study revealed that the Omicron coronavirus variant had a lower risk of hospitalisation than the Delta coronavirus variant.
The benchmark BSE Sensex gained 385 points, or 0.68 percent, to end the day at 57,315; the broader NSE Nifty gained 117 points, or 0.69 percent, to conclude at 17,073.
The Nifty Midcap 100 index increased by 0.90 percent, while the Nifty Smallcap 100 index increased by 1.27 percent.
The National Stock Exchange’s 15 sector indices all ended the day in the green. The Nifty FMCG, Nifty PSU Bank, and Nifty IT all gained 1.56 percent.
On a stock-by-stock basis, Power Grid was the highest gainer on the Nifty, rising 3.67 percent to 208.95. Indian Oil Corp (IOC), ONGC, ITC, and Bajaj Finance all saw their stock prices rise.
Divi’s Lab, JSW Steel, Bharti Airtel, Sun Pharma, and UltraTech Cements, on the other hand, plummeted as high as 1.76 percent.
Power Grid, ITC, Bajaj Finance, Infosys, NTPC, Titan, and Tech Mahindra all saw their shares rise as much as 3.70 percent on the BSE index.
On the BSE, the overall market breadth was positive with 2,195 shares rising and 1,123 falling.
In the last three sessions, domestic and global markets, which had fallen as much as 3% on Monday (December 20), have recovered.
Meanwhile, shares of Medplus Health Services, a drugstore chain operator, enjoyed a good launch on the exchanges, debuting at a premium of 31% over its issue price.
