Sensex Ends 481 Points Higher; Nifty Clocks Best Two-Day Rally In Nearly Five Months
Closing Bell: Sensex, Nifty Extend Rally For Second Day In A Row
Indian equity benchmarks ended higher for the second consecutive day, following the rally in Asian peers.
The S&P BSE Sensex ended 1.3 percent or 481 points higher at 37,535.66 and the NSE Nifty 50 Index ended above 11,300, up 1.19 percent. Both the indices ended at a fresh six-month high.
The market breadth was tilted in favour of sellers. About 1,082 stocks advanced and 661 shares declined on Nationals Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Realty Index’s 2.6 percent rally. On the flipside, the NSE Nifty PSU Bank was the top sectoral loser, down 0.19 percent.
Nifty Bank Surges To Record
The NSE Nifty Bank Index extended gains for the second consecutive trading session to hit a new all-time high.
European Shares Jump; British Stocks Drop Ahead Of Brexit Vote
European shares jumped at the open, following a strong session in Asian markets. U.K. shares fell as Brexit again takes central stage for investors.
KEI Industries At Over Seven-Month High
Shares of KEI Industries rose as much as 11.7 percent, the most in over four months, to Rs 444, its highest level since Aug. 08, 2018.
The stock gained 14 percent in the past five days and advanced 24 percent in the past 30 days.
Reliance Industries Hits A New All-Time High
Shares of the Mukesh Ambani-led conglomerate extended gains or the second consecutive trading day and rose as much a 2 percent to hit a new all-time high.
The Relative Strength Index was above 70 indicating that the stock may be overbought, according to Bloomberg data.