Benchmark stock market indices closed higher on Thursday after Sensex and Nifty touched all-time highs in a volatile day that also saw profit booking from investors.
The S&P BSE Sensex added 110.87 points to end at 85,720.38, while the NSE Nifty50 gained 10.25 points to close at 26,215.55.
Vinod Nair, Head of Research, Geojit Investments Limited, said that markets steadied after a volatile session where both the Nifty and Sensex briefly touched record highs before profit booking ensued.
“Throughout the year, retailers emerged as the primary investors. However, the overall market performance fell short of expectations, prompting a shift towards derisking by year-end. Market participants are now keenly watching tomorrow’s GDP print, along with key events such as the US-India deal and the RBI policy meeting,” he added.