Nifty settled higher for the fifth consecutive session on Thursday, September 7, supported by gains in select heavyweights, including Larsen & Toubro, HDFC Bank, and ICICI Bank, even as global cues were weak amid concerns over higher interest rates for an extended period. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. European markets were trading in the green in early deals.
The US markets ended in negative territory on Wednesday. Today's rally came despite weakness across the Asian and US markets, as investors remain upbeat about India's long-term growth prospects, said analysts. Sensex closed 385 points, or 0.58 per cent, higher at 66,265.56 while the Nifty50 ended with a gain of 116 points, or 0.59 per cent, at 19,727.05.
Mid and smallcaps also scored decent gains. The BSE Midcap index closed 0.79 per cent higher at 32,374.93 after hitting its fresh record high of 32,396.28 during the session. The BSE Smallcap index rose 0.40 per cent to end at 38,101.21 after hitting its new all-time high of 38,169.65 during the session.
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