Stock markets LIVE updates: Supported by the US Fed decision to keep policy loose and firm global markets cues, benchmark indices extended their bull run to fourth straight day on Thursday. Starting gap-up, frontline indices reclaimed major psychological marks in the early deals.
The indices, however, pared gains marginally with the benchmark S&P BSE Sensex up 300 points to quote at 50,045 level while the Nifty50 was at 14,960, up 87 points. Earlier in the day, the indices hit respective day highs of 50,376 and 15,044, respectively.
The Sensex index is back above 50,000 after 12 trading sessions while the Nifty has reclaimed the 15,000-mark for the first time since March 16.
The benchmark indices leaned on Reliance Industries, HDFC twins, Axis Bank, ICICI Bank, and Bajaj Finance to support the fresh breakouts. All the heavyweights were up in the range of 2 per cent to 2.5 per cent.
Individually, Tata Steel, IndusInd Bank, Hindalco Industries, Axis Bank, and JSW Steel were the top gainers on the Nifty, rising up to 3 per cent. Tata Consumer Products and Eicher Motors were the only losers on the 50-share index, down up to 0.4 per cent.
In the broader markets, the S&P BSE MidCap and SmallCap indices gained 0.83 per cent and 0.93 per cent, respectively.
All the key sectoral indices were trading in the green amid across-the-board buying. The Nifty Metal index zoomed 2 per cent, trailed by the Nifty…