Sensex, Nifty Gain For Second Day, Led By Pharma, Auto Stocks
Closing Bell: Second Day Of Gains
Indian equity markets ended higher for the second straight day, with gains led by Auto, Pharma and real estate stocks.
The S&P BSE Sensex ended 0.66% higher at 39,302 while the NSE Nifty 50 gained 0.7% to end at 11,604. Both Sensex and Nifty ended at the highest level in nearly three weeks.
Among the sectoral indices, the Nifty Bank recovered 350 points from the day's low to end with gains of 0.5%.
The Nifty Realty index was the top sectoral gainer, ending with gains of 2.3% while a late surge in Dr Reddy's Laboratories, led the Nifty Pharma index to end with gains of 2%. Dr Reddy's was also the top gainer on the Nifty 50 index.
Among other sectors that did well was auto. The Auto index, though off the day's high, ended with gains of 1.5%.
Media and PSU Banking stocks were the only laggards in today's session with their respective indices ending 1.6% and 0.5% lower respectively.
Broader markets were subdued in today's session after two days of outperformance. The midcap index ended 0.3% higher while the Smallcap index was flat.
India Volatility Index ended 4.7% lower, below the mark of 20, at 19.62.
Market breadth remained in favour of the gainers. 957 stocks on the NSE ended with gains while 838 declined.