Mumbai

Stockmarkets recovered on Thursday, with the benchmark Sensex closing higher by 238 points on broad-based buying by investors after a heavy correction in the previous session.

The 30-share BSE Sensex opened higher and jumped further 823.05 points, or 1.07 per cent, to hit a high of 77,326.65 later in the day. The index, however, pared gains due to some profit-taking in the last hour and closed at 76,741.82, up by 238.22 points, or 0.31 per cent.

The 50-share NSE Nifty rose by 80.75 points, or 0.34 per cent, to end at 23,962.80. The broader index hit a high of 24,134.70 before giving up some of the gains at fag-end. Analysts said caution prevailed in the market as the US and Iran exchanged fire for a second consecutive day.

Among Sensex shares, Sun Pharma emerged as the biggest gainer, rising by 2.7 per cent. Bharti Airtel rose by 2.15 per cent, lending major support to the benchmark index. Gains in Bajaj Finserv, InterGlobe Aviation, Eternal, Kotak Mahindra Bank and HDFC Bank helped Sensex close in the green.

Infosys emerged as the biggest loser, dropping by 1.8 per cent. Maruti, NTPC and Axis Bank were among the laggards..

TCS shares declined by 0.52 per cent. After market hours, the company reported a modest 4.61 per cent increase in its net profit to Rs 13,349 crore for the June 2026 quarter. Revenue jumped by nearly 14 per cent year-on-year to Rs 72,275 crore. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,962.80 crore on Wednesday, according to exchange data. Brent crude, the global oil benchmark, traded marginally higher by 0.15 per cent to USD 78.14 per barrel.