Stock market update: Liquor stocks clock healthy gains; United Breweries jumps 5%

NEW DELHI: Most liquor stocks, including Globus Spirits (up 6.58 per cent), United Breweries (up 5 per cent) and Empee Distilleries (up 5 per cent), closed Thursday's session with healthy gains.

Shares of Pioneer Distilleries (up 4.99 per cent), Winsome Breweries (up 4.85 per cent), Jagatjit Industries (up 4.64 per cent), United Spirits (up 3.50 per cent), Tilaknagar Industries (up 3.27 per cent), Radico Khaitan (up 2.98 per cent) and Som Distilleries & Breweries (up 2.13 per cent) too witnessed decent gains.

Ending the rangebound session of Thursday, equity market benchmarks Sensex and Nifty managed to settle at their fresh record highs of 38,336.76 and 11,582.75, respectively, on gains in energy, IT, auto and power stocks amid mixed global cues.


However, the rise of the benchmarks was truncated owing to losses in bank, metal, oil and financial stocks.

The BSE Sensex advanced by 51 points or 0.13 per cent and Nifty inched up by 12 points or 0.10 per cent.

The market breadth remained negative as 1,503 stocks declined on BSE, compared with 1,215 advancers. As many as 177 stocks settled remaining unchanged.

Reliance Industries, Larsen & Toubro, Infosys, TCS and Maruti Suzuki emerged as the top five contributors to the rise in the Sensex index.