Stock market live updates: Broader markets, however, outperformed benchmark indices as Nifty Smallcap 100 and Nifty Midcap 100 surged up to 0.1 per cent.
Modest recovery in global markets spilled strength in domestic equity markets on Thursday. Frontline indices Nifty50 rose over 50 points to trade above 18,050 levels and the S&P BSE Sensex climbed over 250 points to trade at 60,632 levels.
Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 per cent.
Kotak Mahindra Bank, NTPC, M&M, HUL, ITC, Maruti Suzuki were top contributors to the benchmark indices. Meanwhile, Tata Steel, Infosys, IndusInd Bank weighed them down.
Barring Nifty Media, all sectors started trade on a positive note with marginal gains. Nifty Bank index hit all-time high of 41,829.
Among individual stocks, shares of State Bank of India (SBI) hit fresh 52-week high of Rs 578 after the state-run bank raised benchmark prime lending rate by 0.7 per cent.
Besides, shares of KPI Green Energy jumped over 3 per cent after the company bagged wind-solar hybrid power project of 4.2 megawatt.
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