Shortcovering rally: Nifty ends near 23,200, Sensex jumps 899 points

The domestic key equity indices closed on a positive note for the fourth consecutive session on Thursday. The NSE Nifty 50 rose 283 points or 1.24% to settle at 23,190.65, while the BSE Sensex jumped 899 points or 1.19% to finish at 76,348.

Nifty Oil and Gas was the top gainers among the sectoral indices, rising 1.57% in Thursday’s trade. It was followed by Nifty Auto which surged 1.42% closing at 21,623.05.

The Nifty Bank climbed 360 points or 0.72% to close at 50,063. In line with the benchmarks, the BSE Midcap jumped 252.70 points or 0.61% to close at 41,359.70.  

Sectoral Index

In the broader markets, small- and mid-cap stocks closed the day on a positive note. The volatility index India VIX cooled off 5.22% to the 12.60 level. 

This is a developing story, more details are being added. Please watch the space for updates

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