The stock market closed with gains.Mumbai:
Mumbai: The benchmark BSE Sensex breached the 66,000-mark for the fifth straight session on Thursday led by buying in HDFC Bank, L&T and State Bank of India (SBI). Traders said that the fall in crude oil prices in the international market also supported the local market.
The 30-share BSE index ended 385.04 points or 0.58 per cent higher at 66,265.56. During the day, the Sensex touched a high of 65,672.34 from a low of 66,296.90.
Similarly, the broader NSE Nifty rose 116 points, or 0.59 per cent, to close at 19,727.05. Among Sensex stocks, Larsen & Toubro rose 4.26 per cent. On the other hand, IndusInd Bank, Tech Mahindra, SBI, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Wipro were among the gainers.
On the other hand, Mahindra & Mahindra, Infosys, UltraTech Cement and Hindustan Unilever were among the laggards. Elsewhere in Asia, Korea's Kospi, Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng ended with losses. European markets were trading higher in afternoon trade. Us markets closed with losses on Wednesday.
Vinod Nair, Head of Research, Geojit Financial Services, said, "The local market also opened with sluggishness amid a weak global trend. However, later the market came to the rise due to the fall in bond yields in the US and the fall in crude oil prices.
Foreign institutional investors were net sellers in the capital market as they sold shares worth Rs 3,245.86 crore on Wednesday, according to provisional exchange data.