However, the blue-chip benchmark fell sharply in afternoon trading dragged down by heavyweight banking and financial stocks, including HDFC Bank, ICICI Bank, HDFC and Axis Bank, which shed between 2% and 4%.
The Nifty 50 ended 1.29% lower at 12,771.70, snapping a three-day gaining streak, while the S&P BSE Sensex closed 1.31% lower at 43,599.96.
The Nifty bank index, which had climbed nearly 25% this month up to Wednesday, closed 2.85% lower. It had risen in 11 of the last 12 sessions.
A rally in automotive stocks, which had gained for 11 straight sessions amid signs of improving vehicle sales during India’s festive season, also paused and the Nifty auto index fell 0.67%.
Airline SpiceJet, a Boeing customer, jumped 12.2% after the United States lifted a 20-month-old flight ban on the 737 MAX.
In India’s Delhi, the tally of cases crossed 500,000 on Thursday, although infections elsewhere in the country continued to fall.
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