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Indian benchmark equity indices recovered from a weak start to finish higher on Thursday, led by IT and energy stocks, while small and midcaps also surged after tumbling in the previous session as investors ignored valuation-related worries.

The 30-share BSE benchmark Sensex advanced 335 points or 0.46% to settle at 73,097. The broader NSE Nifty gained 149 points or 0.68% to end at 22,146.

Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 7.93 lakh crore to Rs 380.1 lakh crore.

The broader, more domestically-focussed small and midcaps, rose 3.4% and 1.8%, respectively. However, they logged their worst session in two years on Wednesday and have lost over 12% and 6.5%, respectively, from their record highs on February 8.

On the sectoral front, Nifty IT rose 1.96%, led by Mphasis, HCL Tech, and Infosys. Nifty Media and Oil & Gas also closed over 2% higher. On the flip side, Nifty Bank closed in the red.

  • Published On Mar 14, 2024 at 04:17 PM IST

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