markets recovered from their previous day’s losses to close sharply higher
after US Federal Reserve hinted at a rate cut that lifted up Asian stocks which
also impacted on Indian equity.
BSE Sensex scaled up 266-pts at 38,823-level and the Nifty50 went up 84-pts to
11,582.90 on Thursdays closing.
JSW Steel, HeroMotoCorp, IndusInd Bank and Tata Motors were top gainers among Nifty50
stocks, rising 3.29 – 7.59% while TechMahindra, ICICI bank, IOC, UPL and
Axis bank led the losses.
Sectoral gauge, all the indices closed in the green with Nifty Media being the
topper index rising 3.87% at 2,057.15, led by gains in Dish TV, Den Net wor,
Zeel and Hathway cable up by rage between 5.305 to 16.44%
Nifty Auto, Metal, Pharma, PSU Bank and Nifty realty surged with gains between 1.29%
and 1.86% in range.