![\"\"](\"https:\/\/static.toiimg.com\/thumb\/msid-76748911,imgsize-46530,width-400,resizemode-4\/76748911.jpg\" "\\"(Representative")
<\/div>\n<\/div>\n<\/section>\n(Representative image)<\/span><\/p>\n NEW DELHI: Equity indices finished higher for second straight day on Thursday with the benchmark BSE sensex rising over 400 points, led by gains in auto and IT stocks.
The 30-share BSE sensex surged 429 points or 1.21 per cent to close at 35,844. While, the broader NSE Nifty finished 122 points or 1.17 per cent higher at 10,552.
Top gainers in the sensex included M&M, Titan, HCL Tech, HDFC, Infosys and TCS with their shares rising as much as 6.21 per cent.
While Axis Bank, Hindustan Unilever, Kotak Bank, Bharti Airtel, Bajaj Finance and ICICI Bank were the major losers, falling up to 1.92 per cent.
On NSE, sub-indices Nifty Auto and IT gained as much as 2.81 per cent.
According to traders, domestic indices followed gains in global benchmarks amid positive factory output data across economies.
“The BFSI (banking, financial services and insurance) sector, which has underperformed the market, will be in focus going forward, with the RBI’s liquidity support to shadow banks also improving confidence,” Rusmik Oza, head of fundamental research at Kotak Securities in Mumbai told news agency Reuters.
On the macroeconomic front, GST revenue collections in June swelled to Rs 90,917 crore, from Rs 62,009 crore in May and Rs 32,294 crore in April, official data showed.
The country’s manufacturing sector activity also moved towards stabilisation in June, according to PMI data.
Further, hopes for a vaccine strengthened after Germany’s BioNTech and US pharmaceutical giant Pfizer reported positive preliminary results from a joint project.
Meanwhile, the rupee appreciated 56 paise to settle at 75.04 (provisional) against the US dollar tracking weakness in the greenback and gains in the domestic equity market.
(With agency inputs)<\/span><\/p>\n<\/div>\n