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After fluctuating between gains and losses, benchmark equity indices closed higher on Thursday, with HDFC Bank and IT stocks leading the rally. Indian stocks also tracked a rally in other Asian equities. This surge came after a softer-than-expected US consumer inflation print, which raised expectations of at least two interest rate cuts in 2024.

By
Nikhil Bhatt - Research Analyst - SEBI
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Dear Trader… The 30-share BSE benchmark Sensex surged 677 points or 0.93% to settle at 73,664. The broader NSE Nifty advanced 186 points or 0.84% to end at 22,473. US-rate sensitive IT stocks rose 1.7%. All 10 constituents of the index advanced, adding between 1% and 4.2%. Mphasis, LTIMindtree, Tech

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