1. BSE’s Sensex rose 491 points and closed at 71,847
2. NSE’s Nifty rose 141 pts and closed at 21,658
3. Markets were led by banking and financial stocks, and realty extended gains on robust sales volumes.
4. Jio Financial entered the largecap segment while Tata Tech, JSW Infra and IREDA entered into the midcap category.
5. Bajaj Finance closed 4.4% higher and was among the top Sensex gainers. According to a business update, the non-bank lender reported a 26% year-on-year increase in new loans and a 35% jump in AUMs in the December quarter.
6. Sobha realty jumped around 19% intraday and hit a 52 wk high after Motilal Oswal picked it up as the top idea for 2024.
7. Torrent Power closed 7.5% higher after announcing Rs 47,400 crore of investments in solar power projects, green hydrogen and ammonia manufacturing plants in Gujarat.
8. Nifty Financials rose 1.22%, Nifty Realty index was up 6.76% to a new record high, led by Sobha, Macrotech Developers, Godrej Properties, and DLF.
9. The Indian rupee ended a little bit stronger aided by dollar inflows and closed at 83.23 against the USD.
10. Oil rose nearly 1% on Thursday on concerns over Middle Eastern supply following disruptions at an oilfield in Libya and tensions due to the Israel-Hamas war. Brent crude futures were at $78.87 a barrel, while US WTI crude futures were at $73.41.
