Although the Indian stock market finished Thursday’s session with mild gains, it marked the seventh consecutive gain for both benchmark indices, supported by select heavyweights such as Bharti Airtel, Axis Bank and Reliance Industries.
The Nifty 50 closed the session with a gain of 0.13%, ending above the 25K mark at 25,005, while the S&P BSE Sensex finished with a marginal gain of 0.15% at the 81,548 level. The broader markets also mirrored the same trend, with the Nifty Midcap 100 and Nifty Smallcap 100 closing flat.
Investors continued to book profits in auto and technology stocks following a sharp run in recent sessions, while oil & gas and public sector banking stocks saw buying interest in today’s session.
At the sector level, the Nifty Oil & Gas index emerged as the top gainer, rising 1.07%, followed by Nifty Media and Nifty PSU Bank, which added 1.06% and 0.77%, respectively.
On the losing side, Nifty IT was the top laggard, slipping 0.45%, followed by Nifty Auto and Nifty Consumer Durables, which declined 0.33% and 0.26%, respectively.
