Indian equity markets closed higher on Thursday, with benchmark indices Sensex and Nifty50 moving closer to their record highs last seen in September 2024. The rally was driven by strong gains in Financials and Oil & Gas stocks, while positive global cues further boosted sentiment.
The BSE Sensex climbed 0.52% to close at 85,632.68 after touching an intraday high of 85,801.70, with HDFC Bank and Reliance Industries emerging as the biggest contributors to the index’s gains.
Similarly, the Nifty50 hit a fresh 52-week high of 26,246.65 before ending 0.54% higher at 26,192.15.
The broader market ended mixed, with the Nifty SmallCap 100 slipping 0.05%, while the Nifty MidCap 100 edged up 0.02%.
Among Sensex constituents, Bajaj Finance, Bajaj Finserv and Reliance Industries led the gainers, while Asian Paints, Titan and HCLTech were the top losers. On the NSE, Eicher Motors joined Bajaj Finance and Bajaj Finserv as top performers, while Asian Paints, Titan and HCLTech remained the biggest drags.
Sector-wise, Nifty Financial Services was the best performer, whereas Nifty Media and PSU Bank indices were among the top laggards.