Buying was visible across the board as all the 15 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty PSU Bank index's over 3 per cent gain.
Investors turned to profit booking at intraday highs as they have turned cautious of rising Coronavirus cases impacting the pace of nascent economic recovery, analysts said.
Investors were seen booking profits after a strong four-day rally in which both the benchmarks- Sensex and Nifty climbed more than 4% each.
The stock indices fell by 10 per cent from their peak in October, but analysts said the current valuation will not bring excitement to the investors considering the rising Omicron cases.
Sensex has rallied 22 per cent and Nifty has gained 24 per cent in the calendar year 2021. On the last trading session of 2021, the Sensex was up 459.50 points at 58,253.82, and the Nifty was up 150 points at 17,354.
The Sensex traded in a band of 431 points and Nifty 50 index touched an intraday high of 17,264 and low of 17,146.
The 30-share BSE benchmark Sensex jumped 384.72 points or 0.68 per cent to close at 57,315.28 on Thursday. During the day, it gained 559.96 points to 57,490.52.
On the Nifty, Powergrid, IOC, ONGC, ITC and Bajaj Finance were among the top gainers, while Divi's Lab, JSW Steel, Bharti Airtel, Sun Pharma, and Ultratech Cement fell the most.
The 30-share BSE index jumped 497 points or 0.89 per cent to end at 56,319.01. Similarly, the NSE Nifty advanced 156.65 points or 0.94 per cent to 16,770.85.
NSE Nifty fell 371 points and closed at 16,614 levels whereas BSE Sensex crashed 1189 points and closed at 55,822 levels. The current market pattern indicates a display of sharp downside momentum.
The BSE benchmark Sensex plunged 1,393.04 points to a low of 55,618.70 by noon in the Monday trading session. The benchmark had tumbled 889.40 points or 1.54 per cent to close at 57,011.74 on Friday.
The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in the opening trade. Similarly, the Nifty tanked 307.50 points or 1.81 per cent to 16,677.70.
The 30-share index declined 319.82 points or 0.55 per cent to 57,581.32 in the opening trade. Similarly, the Nifty fell 91 points or 0.53 per cent to 17,157.40.
Nifty futures on the Singapore Exchange traded only 1.5 points, or 0.01 per cent higher at 17,334.50, signaling that Dalal Street was headed for a flat start on Wednesday.
The 30-share index surged 375.30 points or 0.64 per cent to 59,161.97 in opening trade. Similarly, the Nifty rose 94.75 points or 0.54 per cent to 17,606.05.
Sensex has touched over 60k, while Nifty crossed 18k mark in recent months. Despite a slump in the stock market, several mid and small-cap companies saw their stock registering more than 100 per cent jump after Diwali.
Sensex ended 157 points higher on Thursday, tracking gains in index majors Reliance Industries, ITC and L&T amid a largely positive trend in global markets. Nifty rose 47.10 points to 17,516.85.
The 30-share index was trading 444.17 points or 0.78 per cent higher at 57,191.31 in initial deals. Similarly, the Nifty rose 131.60 points or 0.78 per cent to 17,043.85.
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