Closing Bell: Indian Indices ended in green: Nifty closes above 19,750, Sensex over 65,950, IT stocks outperform

The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 89.75 points or 0.44% to settle at 19,765.20, while the BSE Sensex jumped 306.55 points or 0.47% to 65,982.48. Bank Nifty index dipped 40.15 points or 0.09% to settle at 44,161.55.

The broader indices ended largely in positive territory, with gains led by Midcap and Smallcap. IT and Healthcare stocks outperformed among the other sectoral indices while the bank and FMCG stocks shed.

Nair also said that, Taking the cues further, IT stocks shown a significant jump in the broader market. The market is sensing that exports based sectors like IT and Pharma could be future winners. While cut in inflation will also benefits domestic placed staples and consumer sector.

Here Motocorp, Tech Mahindra, HCL Tech, TCS, and Inosys were the top gainers on the NSE Nifty 50, while the laggers included Axis Bank, Coal India, Adani Enterprises, Tata Consumer Products, and ICICI Bank.

The Indian Volatility Index (India VIX) closed up by 4.60 %.