Key benchmark indices surged to a fresh closing high on Thursday on gains in resources stocks such as Sesa Sterlite, NMDC, Hindalco due to continued optimism about a revival in the domestic economy. The benchmark BSE Sensex provisionally closed 0.86 percent higher at 25,019.51; the broader Nifty gained 0.97 percent to 7,474.10, breaching Tuesday's record.
Shares of Reliance Anil Dhirubhai Ambani (ADA) group edged higher on renewed buying. FMCG stocks rose after reports monsoon could arrive on India's southeast coast in the next 24 hours. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.
Shares of Reliance Anil Dhirubhai Ambani (ADA) group edged higher on renewed buying. FMCG stocks rose after reports monsoon could arrive on India's southeast coast in the next 24 hours. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.
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