Sensex, Nifty end higher on closing trade today; Reliance was top boost to NSE index

Indian shares ended higher on Thursday and the BSE index broke its longest streak of losses since March, spurred by gains in Reliance Industries Ltd, while the rupee breached the level of 72 against the dollar.

Indian shares ended higher on Thursday and the BSE index broke its longest streak of losses since March. Image source: Reuters

Indian shares ended higher on Thursday and the BSE index broke its longest streak of losses since March, spurred by gains in Reliance Industries Ltd, while the rupee breached the level of 72 against the dollar.

Investors bought Indian shares amid a rout in emerging markets stocks and currencies, lifting the broader NSE index by 0.52 percent to 11,536.90, and the BSE index by 0.59 percent to 38,242.81.

Oil-to-telecoms conglomerate Reliance ended 2.8 percent higher and was the top boost to the NSE index.

Kotak Mahindra Bank Ltd climbed 1.8 percent. The Nifty Pharma Index rose 2.7 percent and reached its highest closing level in almost a year and a half.

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In the opening trade today, the BSE Sensex rebounded over 150 points on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices. The 30-share BSE index recovered by 164.46 points, or 0.43 per cent, to 38,182.77 in opening trade. It, however, lost some steam and was trading 48.46 points, or 0.13 per cent, higher at 38,066.87 at 0940 hrs. The NSE Nifty was up 5.20 points, or 0.05 per cent, at 11,482.15.

Sectoral indices, including realty, metal, healthcare, consumer durables, PSU, FMCG and capital goods were trading in the positive zone by rising up to 1.39 per cent.

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