Stock Market Closing Bell by Money CapitalHeight

The late trade rally (after a consolidation) on Thursday helped the equity benchmarks gain 1 percent ahead of January CPI and December industrial output data (to be announced later today). Upside in global markets post Russia ceasfire also supported the market.

The 30-share BSE Sensex climbed 271.13 points to 28805.10, aided by banking & financials, capital goods and auto stocks. The 50-share NSE Nifty closed above the 8700 level, up 84.15 points at 8711.55. The broader markets outperformed benchmarks again.

The BSE Midcap and Smallcap indices rallied more than 1 percent. Advancing shares outnumbered declining ones on the Bombay Stock Exchange by a ratio of 1617 to 1230.
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