Closing Bell: Markets close in green for second session, Sensex up 776 points, Nifty reclaims 17400-mark; IT, metal stocks lead the surge

The domestic markets surged for the second straight session on Thursday as both the benchmark indices — Sensex and Nifty50 — each gained almost 1.5 per cent at the market close. IT, metal, auto, banking and financial services propelled the surge in the market on Thursday.

The market has been gaining on the back of positive triggers, from positive global cues to November auto sales to robust macroeconomic numbers. However, the fear of Omicron, a new covid variant, still persists as the majority of countries are under its grip, while the Indian government taking precautions.

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At the market close, the BSE Sensex gained over 776 points or 1.4 per cent to 58,462, while Nifty50 gained 235 points or 1.4 per cent to 17,401. Even the broader markets followed the same suite of benchmarks as mid-cap surged over 1 per cent and small-cap up 0.6 per cent at the market close today.

As many as 47 advanced and 3 declined on the Nifty50 at the market close on Thursday. In the last hour trade, Adani Ports jumped over 4.5 per cent, followed by Power Grid up over 4 per cent and HDFC up almost 4 per cent at the market close today.

While other stocks such as Sun Pharma, BPCL, Tata Steel, Bajaj Finserv each gained almost 3 per cent at the market close. 

On the contrary, Cipla turned out to be the top loser in an otherwise positive market, down around 1 per cent, followed by ICICI Bank, Axis Bank and Ultratech Cement slipped marginally at the close.

On the sector front, all sectors closed in the green, with Nifty IT surging most by over 2 per cent, followed by metal around 2 per cent. While Nifty Bank, Auto, Financial each jumped over 1 per cent at the market close on Thursday.