The Indian markets on Thursday ended the day higher, as both Sensex and Nifty were back at record levels. Also, Nifty Midcap index recovered losses from Wednesday’s session to close 300 points higher. The market breadth in favour of advances with the advance-decline ratio at 4:1.

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Both the benchmark indices ended at a fresh closing peak, as the BSE Sensex closed at 54,844, up 318 points or 0.58 per cent, while Nifty50 ended Thursday at 16,364, up 82 points or 0.50 per cent.   

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In the broader market space, both the MidCap and SmallCap indices quoted 1.07 and 1.97 per cent higher at the close, while another important index, Nifty Bank, ended over 130 points or 0.37 per cent to 35,937 levels, led mainly by ICICI Bank and HDFC Bank.   

Out of 50 scrips on Nifty50, 33 advanced, 17 declined at the close. The public sector stock — Power Grid soared most at close by over 6 per cent, continuing its trend of being higher entire session today. 

While Tech Mahindra, touching a new 52-week high on intraday, closed second-best today by around 5 per cent higher, followed by Tata Motors up almost 4 per cent and HCL Tech almost 3 per cent. Other heavyweights such as Larsen & Toubro and Titan Company jumped over 2 per cent at close. 

On the contrary, Eicher Motors became the biggest laggard ahead of Q1 results scheduled today, it declined by almost 4 per cent at the market close, followed by Dr Reddy’s down around 1 per cent, IOC, Cipla and ONGC fell by around 0.5 per cent on Thursday. 

Except for Nifty Pharma, all sectors on Thursday ended positive at the market close. The Pharma Index has been on decline for the second straight session today, while Nifty IT surged most by near 2 per cent, followed by Nifty Auto and banking and financial stocks today.