The domestic markets were volatile in the beginning and settled with gains on Thursday. The morning session of the day was somewhat volatile while stocks were steady in the afternoon.

The strong market sentiments in the US and Europe also influenced markets in Asia, namely China and Japan. However, in the domestic market, Adani Group firms` losses ballooned to more than USD 100 billion after the Chairman of the group Gautam Adani declared that the flagship firm was taking a U-turn with its follow-on public offer.