Mumbai: After a brief pause, stocks continued their upward march on Thursday with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and Nifty index gaining 38.05 points to 8,952.35 on fag-end buying in select bluechips amid expiry of monthly equity derivatives.
Besides, in-line earnings from some firms and strong foreign capital inflows helped the indices end in the green. While Sensex resumed its rise after breaking a 8-day rally on Wednesday, Nifty rose for the 10th straight session.
Shares of Realty, Refinery, Healthcare and FMCG sectors were the major gainers of the day. The BSE Sensex resumed lower at 29,516.49 and dropped further to 29,378.30 on profit-booking amid lower global cues.
However, it recovered afterwards to lifetime high of 29,740.63 before ending at all-time closing high of 29,681.77, showing a recovery of 122.59 points or 0.41 per cent. The Sensex had declined by 11.86 points in Wednesday.
"January F&O expiry induced significant volatility today on benchmark indices with Nifty closing higher in spite of weal global markets and negative breadth." said WealthRays Securities, Director & CEO, Kiran Kumar Kavikondala.
Among Sensex constituents, Coal India fell over 2 per cent after government announced plans to sell up to 10 per cent stake on January 30. Meanwhile, the CNX 50-share Nifty firmed up further by 38.05 points, or 0.43 per cent, to finish at 8,952.35 after hitting intraday high of 8,966.65.
Asian stocks ended lower after the US Federal Reserve unexpectedly lifted its view on the economy, signalling that the US central bank remains firmly on track with plans to raise interest rates this year, experts said.
Key benchmark indices in China, Taiwan, Hong Kong, Japan and South Korea fell by 0.54 per cent to 1.31 per cent while Singapore Strait Times ended steady.
European stocks were trading lower in their early trade as tepid earnings from Royal Dutch Shell Plc dragged energy companies lower. Key benchmark indices in UK, France and Germany were off by 0.68 per cent to 0.96 per cent.
Meanwhile, Foreign Portfolio Investors (FPIs) bought Indian shares worth net Rs 1723.17 crore yesterday as per provisional data from stock exchanges. Seventeen scrips out of the 30-share Sensex pack ended higher while 13 others finished lower.
Major gainers included Dr Reddy's Lab (3.74 per cent), HDFC Bank (3.42 per cent), BHEL (2.96 per cent), Reliance Industries (2.43 per cent), ITC (2.01 per cent), Hindalco Industries (1.57 per cent), Axis Bank (1.48 per cent), Tata Motors (1.42 per cent) and L&T (1.28 per cent).
Among laggards, HDFC fell by 2.61 per cent, Coal India 2.32 per cent, SBI 2.30 per cent, M&M 1.46 per cent, ICICI Bank 1.02 per cent and Maruti 1.01 per cent. Among the S&P BSE sectoral indices, Realty rose by 3.14 per cent, Refinery 1.55 per cent, Healthcare 1.08 per cent, FMCG 1.07 per cent, Capital Goods 0.82 per cent and Consumer Durables 0.64 per cent.
Total market breadth continued to remain negative as 1,448 stocks ended in the red, 1,427 closed in the green and 132 ruled steady. Total turnover dropped to Rs 3,744.47 crore from Rs 3,960.55 crore on Wednesday.
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