Sensex, Nifty End Little Changed; Nifty Bank Outperforms
Closing Bell: A Rangebound Session
Indian equity markets ended nearly unchanged in a rangebound session that saw benchmark indices moving in neither direction.
The S&P BSE Sensex ended 0.1% higher at 38,843 while the NSE Nifty 50 index was unchanged at 11,472.
The Nifty Bank was the outperformer in today's session, ending with gains of over 1% for the third straight day. The index has now gained over 1,000 points in the last three trading sessions.
The top sectoral laggard in today's session was the Nifty Realty index which ended 2.1% lower. Nifty Metal and Nifty Pharma indices fell 0.7% each.
Broader markets too ended off their respective day's high. The midcap index ended with gains of 0.3% while the smallcap index gained 0.5%.
India Volatility Index ended 2% higher but below the mark of 20 at 19.62.
Market breadth was in favour of the laggards. 985 stocks on the NSE ended with losses while 858 stocks posted gains.