Stock Market Today: Sensex closes 655 points higher, Nifty at 22,326.90 as Bajaj twins and SBI drive gains

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Mumbai: The Sensex on Thursday closed at 73,651.35, up 655.04 points, or 0.90 per cent, while the Nifty was at 22,326.90, up 203.25 points, or 0.92 per cent. Benchmark equity indices climbed in early trade on Thursday, extending their previous day’s rally, on foreign fund inflows and positive trend in the US markets.

From the Sensex basket, Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Power Grid and Infosys were the major gainers.

HCL Technologies, Maruti, Tech Mahindra and Asian Paints were among the laggards. In Asian markets, Shanghai and Hong Kong traded in the positive territory while Tokyo and Seoul quoted lower.

Wall Street ended higher on Wednesday. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,170.32 crore on Wednesday, according to exchange data.

“In the final trading session of the week, month, and fiscal year 2023-24, heightened volatility is expected, driven by the March F&O expiry. Investors are poised for bargain hunting as optimism pervades Dalal Street, with positive catalysts including significant FII buying and a global stock market rally,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark Brent crude climbed 0.24 per cent to $86.30 a barrel.

The BSE benchmark climbed 526.01 points or 0.73 per cent to settle at 72,996.31 on Wednesday. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65. Equity markets would remain closed on Friday for ‘Good Friday’.

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