NEW DELHI: Equity indices finished on a higher note on Thursday with the benchmark BSE sensex rising over 400 points led by gains in financial and metal stocks ahead of the start of corporate earnings season.
The 30-share BSE index surged 409 points or 1.12 per cent to close at 36,738; while, the broader NSE Nifty finished 108 points or 1.01 per cent higher at 10,813.
Top gainers in the sensex pack included SBI, Bajaj Finance, HDFC, Tata Steel, Bajaj FinServ and HCL Tech with their shares rising as much as 4.17 per cent.
While ONGC, Tech Mahindra, Hindustan Unilever, Maruti and Nestle India were the top losers falling up to 1.29 per cent.
On the NSE platform, sub-indices Nifty Metal, Financial Services and Bank surged as much as 2.23 per cent.
According to traders, market participants followed optimism in global equities, shrugging off concerns over rising number of COVID-19 cases and its impact on economic recovery.
A surge in global liquidity as a result of central banks’ response to the coronavirus crisis has propelled buying in Asian shares and helped Indian equity markets rally sharply since a crash in March, they added.
“Liquidity is pushing the markets higher, but with earnings coming in investors will take a fresh look at their portfolio,” Anand James, chief market strategist at Geojit Financial Services told news agency Reuters.
Software major TCS (Tata Consultancy Services) is expected to announce its first quarter numbers post market hours.
Meanwhile, the rupee pared some of its initial gains and settled 3 paise higher at 74.99 (provisional) against the US dollar, tracking weakness in the greenback and gains in the domestic equity market.
(With agency inputs)