Sensex closes at 62,570, while Nifty settles at 18,609

The 30-share index rose by 160 points to reach 62,570.68 in the days trade . Axis Bank, IndusInd Bank, ICICI Bank, L&T, Infosys, and Maruti were among the major gainers among Sensex stocks .

The BSE Sensex fell by 160 points on Thursday, after being suppressed in certain banking and auto counters in the wake of mixed global signals.The 30-share index rose by 160 points to reach 62,570.68 in the days trade, with 27 of its constituents closing in the red.Axis Bank, IndusInd Bank, ICICI Bank, L&T, Infosys, and Maruti were among the major gainers among Sensex stocks.The domestic market saw considerable upswing after hitting a record peak, as global markets fell due to fears of an economic slowdown and fears of a Fed rate hike.Recession worries weighed on IT and pharma stocks, while banks, especially PSBs, continued to help the bourses, according to Vinod Nair, Head of Research at Geojit Financial Services.

Oil prices improved as US futures soared, and the Shanghai Composite fell 0.1%, Tokyo's Nikkei 225 fell 0.4 percent, and Hong Kong's Hang Seng increased by 3.4 percent in Asian trading.According to exchange results, Australian S&PaSX 200 fell 0.8% and South Koreas Kospi fell 0.5%.Brent crude oil gained 28 cents to USD 77.45 per barrel on Wednesday.According to exchange data, foreign institutional investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 1,241.87 crore.

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