F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series

CLOSING BELL

Stock market highlights: Domestic indices danced to the tunes of global sentiment, rising and falling in tandem with US futures all through the day. The S&P BSE Sensex traded in a broad range of 921 points as it hit a high and low of 54,346 and 53,425, respectively. By close, the index stood at 54,252.5, up 503 points or 0.9 per cent against its previous close. 

The Nifty50 index, meanwhile, advanced 144 points or 0.9 per cent to close at 16,170. It gyrated within a range of 16,203 and 15,903 levels. The broader BSE MidCap and SmallCap indices outrun the benchmarks today as they rose up to 1.4 per cent.

Tata Steel and JSW Steel were the top large-cap frontrunners today, rallying 7 per cent and 5 per cent, respectively, after two straight days of bear hammering. Apollo Hospitals, SBI, Hindalco, Axis Bank, HDFC Bank, and HDFC were the other gainers on the Nifty50 index, rising over 2 per cent each.

Within the broader market space, Torrent Pharma, M&M Financial Services, Adani Power, ITI, Uttam Sugar, and AIA Engineering stole the show. 

Sectorally, the Nifty PSU Bank and Metal indices dazzled with 3 per cent and 2.67 per cent surge, respectively. On the downside, only the Nifty FMCG index was in the red, down 0.2 per cent.