Mumbai: Equity benchmark Sensex rallied 383 points to close at a fresh record on Thursday, driven by gains in HDFC Bank, L&T and Titan despite a largely negative trend in global markets.
The 30-share BSE index ended 382.95 points or 0.70 per cent higher at 52,232.43.
Similarly, the broader NSE Nifty soared 114.15 points or 0.73 per cent to end at its lifetime peak of 15,690.35.
Titan was the top gainer in the Sensex pack, soaring nearly 7 per cent, followed by ONGC, L&T, Kotak Bank, Axis Bank, Bajaj Finance and HDFC Bank.
On the other hand, IndusInd Bank, PowerGrid, Bajaj Auto, M&M and Dr Reddy's were among the laggards.
Domestic equities remained upbeat with benchmark indices recording fresh highs, said Binod Modi, Head - Strategy at Reliance Securities.
Rebound in heavyweight financial services supported the market once again, he said, adding that realty followed by FMCG and metals also witnessed sharp recovery.
IT, pharma and auto witnessed some amount of pressure. "Notably, midcap and small cap stocks continued to outperform broader indices as improved prospects of sustainable earnings recovery continue to attract investors towards this space," he noted.
Elsewhere in Asia, bourses in Shanghai and Hong Kong ended in the red, while Tokyo and Seoul finished with gains.
Equities in Europe were also trading with losses in mid-session deals.
International oil benchmark Brent crude was trading 0.18 per cent lower at USD 71.22 per barrel.
Rupee Snaps 3-Day Losing Streak, Settles 18 Paise Higher At 72.91 Against USD
The rupee snapped its three-day losing streak and closed 18 paise higher at 72.91 (provisional) against the US dollar on Thursday, supported by positive domestic equities.
Market participants remained vigilant ahead of Reserve Bank of India (RBI) monetary policy meeting outcome scheduled to be announced on Friday, forex traders said.
At the interbank forex market, the local unit opened on a weak note at 73.17 against the greenback and witnessed an intra-day high of 72.90 and a low of 73.18.
It finally ended at 72.91, registering a rise of 18 paise over its previous closing. On Wednesday, the rupee had settled at 73.09 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 89.94.
Brent crude futures, the global oil benchmark, rose 0.17 per cent to USD 71.47 per barrel.
On the domestic equity market front, the BSE Sensex ended 382.95 points or 0.74 per cent higher at 52,232.43, while the broader NSE Nifty advanced 114.15 points or 0.73 per cent to 15,690.35.
Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 921.10 crore, as per exchange data.
Meanwhile, with 1,34,154 fresh cases, India's COVID-19 tally has climbed to 2,84,41,986, while the daily positivity rate has further dropped to 6.21 per cent, the health ministry said on Thursday.
Gold, Silver Decline Amid Muted Global Trends
Gold in the national capital on Thursday dipped Rs 339 to Rs 48,530 per 10 gram following decline in global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 48,869 per 10 gram.
Silver also tumbled Rs 475 to Rs 70,772 per kilogram from Rs 71,247 per kilogram in the previous trade.
In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
"Gold prices witnessed selling from five month highs trading below USD 1,900," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.