The Indian stock market saw divergence in its benchmark indices on Thursday, as the Sensex closed in the red on its weekly expiry day following sharp volatility during the closing auction session, while the Nifty ended the day in the green. During the closing auction session (CAS), Sensex’s indicative price spiked around 180 points in 10 minutes to 74,588, only to soon erase all gains and slip into the red.

Sensex dropped over 273 points from its CAS high to close at 74,315, overall recording 22 point loss for the day. Nifty 50 meanwhile overall gained 53 points to end the session near 23,271..

Despite this, domestic markets remained volatile but ended higher, supported by value buying following the recent correction, he added. S.

tariff. Mid and small-cap stocks continued to outperform as investors favored companies with strong earnings visibility, solid order books, and healthy balance sheets, particularly in the capital goods, industrial, defence, power, and healthcare sectors,” according to the analyst.

US stocksThe major US stock indexes jumped on Thursday as a pullback in oil prices boosted sentiment, with the Federal Reserve's first rate hike under Chair Kevin Warsh reassuring investors of the central bank's commitment to tackling inflation. The policy decision addressed a chronic source of anxiety, allowing investors to return to favorites.

Technology shares gained, with Nvidia and Amazon rising nearly 2% each. The gains will be crucial for investors in the second half of September, historically a weak month for equities.

7% so far this month. S.

Federal Reserve delivered a widely anticipated interest rate hike. 21 points, with most regional bourses following suit.

Euro zone bond yields nudged lower on Thursday, reversing an earlier rise, as oil prices fell and UK gilts rallied sharply after the Bank of England said it would pause debt sales under its quantitative tightening programme. The BoE left interest rates unchanged, as expected, while also setting out a long-term plan to offload its almost £500 billion ($670 billion) of bond holdings, which included a halt to sales until April and the end of sales of long-dated bonds entirely.

Most active stocks in terms of turnoverHDFC Bank (Rs 1,542 crore), Syrma SGS Technologies (Rs 1,494 crore), IFCI (Rs 1,376 crore), Policy Bazaar (Rs 1,169 crore), Tata Chemicals (Rs 1,119 crore), ICICI Bank (Rs 1,065 crore) and RIL (Rs 965 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day..