Benchmark indices – Nifty50 and BSE-Sensex – ended in the green during Thursday’s Muhurat trading session as investors’ risk appetite remained high.
The sentiment on the Street was aided by positive cues from global markets and the government’s decision to cut excise duty on retail fuel sharply.
Investors were also able to sidestep the announcement of the tapering of bond buying by the US Federal Reserve. The Fed said it will start reducing its monthly bond purchases, started at the beginning of the pandemic, by $15 billion every month from later this month.
The gains in the market on Thursday were broad-based with Nifty Midcap 100 and Nifty Smallcap 100 rising 0.8 per cent and 1.3 per cent, respectively. All the sectoral indices on the NSE ended the session in the green.
