Bulls strike the right chord despite stir, Sensex rises
The Left-led strike failed to adversely impact the bourses on Thursday as bulls, once again, grabbed the center-stage and pushed the indices northwards.
Pharma, tech and power constituents of the indices led the rally as the 30-share Sensex of the Bombay Stock Exchange (BSE) Ltd gained 44.14 points or 0.51% to close at 8,650.17, after crossing the 8,700-mark for the first-time ever to touch an intra-day high of 8,722.17. The broader S&P CNX Nifty of the National Stock Exchange (NSE) also gained 0.51% or 13.15 points to close at 2,611.20. Although the indices registered gains, the market undertone remained weak.
On BSE, 2,166 stocks closed in the red while only 395 stocks gained ground. A total of 768 stocks hit the lower circuit on Thursday. The BSE Smallcap index lost nearly 112 points.
The combined turnover crossed the Rs 43,000-crore mark for the first time, touching a new high of Rs 43,066.32 crore on Thursday. The cash turnover on BSE and NSE was also higher at Rs 4,258.20 crore and Rs 9,519.39 crore, respectively.
Pharma, tech and power constituents of the indices led the rally as the 30-share Sensex of the Bombay Stock Exchange (BSE) Ltd gained 44.14 points or 0.51% to close at 8,650.17, after crossing the 8,700-mark for the first-time ever to touch an intra-day high of 8,722.17. The broader S&P CNX Nifty of the National Stock Exchange (NSE) also gained 0.51% or 13.15 points to close at 2,611.20. Although the indices registered gains, the market undertone remained weak.
On BSE, 2,166 stocks closed in the red while only 395 stocks gained ground. A total of 768 stocks hit the lower circuit on Thursday. The BSE Smallcap index lost nearly 112 points.
The combined turnover crossed the Rs 43,000-crore mark for the first time, touching a new high of Rs 43,066.32 crore on Thursday. The cash turnover on BSE and NSE was also higher at Rs 4,258.20 crore and Rs 9,519.39 crore, respectively.
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