Mumbai, Oct 16
The Indian stock market extended its winning streak on Thursday, with both Sensex and Nifty closing higher for the second straight session.
At the close of trade, the Sensex jumped 862.23 points, or 1.04 per cent, to settle at 83,467.66. The Nifty also advanced 261.75 points, or 1.03 per cent, to end the day at 25,585.3.
Except for Nifty PSU Bank, which slipped 0.44 per cent, all sectoral indices closed in the green. The Nifty FMCG and Realty indices led the rally, rising 2.02 per cent and 1.90 per cent, respectively.
Analysts believe that while near-term momentum remains strong, the market’s sustained performance will depend on corporate earnings growth and key developments in global trade.