New Delhi, June 6 -- The Indian stock market saw widespread buying activity on Thursday, June 5, which pushed the benchmark indices-the Sensex and Nifty 50-up by more than 1% during intraday trade.

However, both indices pared some of their gains by the close, ending the day with an increase of around half a percent, marking their second consecutive session of advances.

The Sensex opened at 81,196.08, up from its previous close of 80,998.25, and surged over 900 points to touch an intraday high of 81,911.13. Similarly, the Nifty 50 began the day at 24,691.20, compared to its last close of 24,620.20, and rose more than 1% to reach an intraday high of 24,899.85.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian sto...