The S&P BSE Sensex rallied over 200 points while Nifty50 managed to close above its crucial resistance level of 10600 on Thursday. But, if we look at April series, both Sensex and Nifty jumped 5 percent each.

The Nifty rollover for May series stood at 65 percent which was almost similar to the 3-month average of 65.33 percent, according to preliminary data. BankNifty rollover stood at 80 percent which was higher than March rollover of 75 percent.

Late bounce helped market to end April series on a high. Banks outperformed with Niftybank gaining 196 points to close above 25,000\. The rally in the banking pack was led by Yes Bank which contributed 135 points to Nifty Bank gains after strong Q4 earnings. IT stocks continue to trade with gains as rupee remains under pressure against the dollar.

The finally tally on D-St: Sensex rose 212 points or 0.62 percent to close at 34,713\. It rose to an intraday high of 34,747.97, and an intraday low of 34,505.62\.

The Nifty50 closed 0.45 percent higher or 47.25 points at 10,617.80\. It rose to an intraday high of 10,628.40, and a low of 10,559.65\.

Sectorally, the S&P BSE FMCG index rose 1.2 percent, followed by the S&P BSE IT index which was up 1.1 percent, and the S&P BSE Banking index gained 0.8 percent on Thursday.

On the other hand, the S&P BSE Telecom index dropped by 2.5 percent, followed by the S&P BSE Realty index which slipped 0.7 percent, and the S&P BSE Capital Goods index which was down 0.5 percent.

The S&P BSE Midcap index slipped marginally to 0.2 percent while the S&P BSE Smallcap index rose 0.25 percent.

Sensex gainers include names like Yes Bank (up 8.2%), HUL (up 2%), TCS (up 2.09%), IndusInd Bank (up 1.6%), and Kotak Bank (up 1.4 %).

Sensex losers include names like Dr Reddy’s (down 2.09%), Wipro (down 2%), SBI (down 1.7%), Tata Steel (down 1.2%), and L&T (down 1%).