The weekly F&O expiry likely triggered a fag-end recovery on the bourses on Thursday, helping benchmarks recoup from steep losses intraday. Stock-wise, TCS, ICICI Bank, ITC, Reliance Industries, Infosys, and L&T led the recovery.
The S&P BSE Sensex swung 1,175 points during the day before settling at 73,158, up 535 points or 0.74 per cent.
The Nifty50 index, too, managed to end above 22,000 after hitting a low of 21,875. The index shut shop at 22,217, up 162 points or 0.74 per cent. It hit a record high of 22,252.5 in late deals.
In the broader markets, the BSE MidCap and SmallCap indices closed up to 0.9 per cent higher.
Sectorally, the Nifty IT index advanced nearly 2per cent, followed by the Nifty Auto index (1.6 per cent). On the downside, the Nifty Bank index fell 0.2 per cent.
Global Cues
Tokyo stocks moved towards a record high on Thursday after US chip giant Nvidia revealed bumper earnings.The benchmark Nikkei 225 index was up 0.72 percent, or 275.27 points, at 38,537.43 in early trade, while the broader Topix index added 0.62 percent, or 16.33 points, to 2,643.63.
The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia’s earnings that could determine near-term momentum for equities.
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