Sensex jumps 437 pts, Nifty holds 16,600; RIL zooms 3.6%, Delhivery 6%

CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent

CLOSING BELL

Stock market highlights: Benchmark indices settled near the day's high level on Thursday, rallying for the first time in three days. After a weak start, the S&P BSE Sensex staged a one-way upmove and closed at 55,818, up 437 points or 0.79 per cent. This was 683 points higher than the day's low of 55,135.

On the NSE, the Nifty50 settled tad below the 16,650-mark at 16,628, up 105 points or 0.64 per cent.

Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent. Bajaj Finserv, Sun Pharma, HCL Tech, Asian Paints, Infosys, TCS, IndusInd Bank, and Tata Steel were the other notable gainers on the 30-pack index. 

On the downside, HDFC, PowerGrid, HUL, HDFC Bank, L&T, and Kotak Bank capped upside.

The BSE MidCap index, however, ended 0.04 per cent lower, while the BSE SmallCap index added 0.6 per cent. Sectorally, the BSE Energy and IT indices climbed 2.3 per cent and 1.6 per cent, respectively. The BSE Auto index, on the other hand, fell 0.65 per cent.