Snapping the three days long losing streak, the domestic markets ended the day stronger as consumer stocks gained on hopes lower inflation and a larger-than-expected rate cut by the central bank in September would boost spending in the coming festive season.
The S&P BSE Sensex reclaim its crucial psychological level of 27,000 and ended the day 230 points up at 27,010.14, while broader CNX Nifty quoted 8179.50, up 71.60 points.
Market sentiment remained positive with 21 of the 30 stocks ending the day in green.
Here are top stocks that hogged limelight on Dalal Street:
Shares of Zee Entertainment jumped nearly 10 per cent in trade on Thursday, wiping off the yesterday's fall of 4 per cent after the company detailed its September quarter numbers for the fiscal year 2015-16 on Wednesday. The 35 per cent spurt in ad revenue growth year-on-year versus estimates of 25 per cent triggered bullish calls on the scrip. The scrip closed at Rs 418.50, up 8.53 per cent after surging 9.56 per cent intraday on Bombay Stock Exchange (BSE).
Shares of IVRCL gained more than 30 per cent so far this week and surged 14 per cent in trade on Thursday after the infra development firm said it has initiated Corporate Debt Restructuring (CDR) mechanism with the lenders. The stock ended the day 7.71 per cent up after rallying as much as 14.57 per cent to Rs 10.85, on the Bombay Stock Exchange (BSE).
Tata Motors was the top Sensex gainer and ended the day 8 per cent up after the auto major said its Jaguar Land Rover (JLR) sold 47,634 units globally in September, up 3 per cent compared to the same month last year.
Adani Group companies
Shares of Adani Group companies such as Adani Enterprises, Adani Power and Adani Port and Special Economic Zone were the top gainers among BSE large caps and surged up to 13 per cent after the company said the Australian government has cleared way for company's $7 billion Carmichael coal mine and rail project.
Adani Enterprises closed 8.53 per cent up after rallying as much as 12.90 per cent to Rs 95.80, while Adani Power added 4.28 per cent to Rs 29.25 at close. Stock of Adani Ports settled 1.42 per cent after hitting its intraday high of Rs 330.50, up 1.94 per cent, on Bombay Stock Exchange.
Punj Lloyd ended the day 3.90 per cent up at Rs 27.95 after the company said it has bagged Rs 367 crore contract from Indian Oil Corporation at Paradip Refinery in Odisha.
The company in a filing to the Bombay Stock Exchange (BSE) said that it won an "EPCC contract at Paradip Refinery, Odisha, from Indian Oil Corporation Ltd (IOCL) for value of Rs 367 crore".
Hindustan Unilever's September quarter earnings failed to impress investors, as India's biggest consumer goods maker missed revenue growth estimates in the September quarter and management commentary on demand environment continued to be cautious. The stock closed the day at Rs 790.70 with a downtick of 0.84 per cent after falling as much as 3.31 per cent.