Fifth Day Of Gains For Sensex, Nifty Driven By Autos, RIL
Closing Bell: Fifth Day Of Gains
After a subdued start, Indian markets ended with gains, extended its winning streak to the fifth straight day.
The S&P BSE Sensex ended 0.8% higher at 39,878 while the NSE Nifty 50 ended 0.66% higher at 11,738. This is the longest winning streak for both Sensex and Nifty in over a month.
Reliance Industries was the major contributor to the gains on the Nifty, ending 2.2% higher.
Auto stocks were the outperformers in today's session. Three out of the top five Nifty gainers were Auto stocks (Bajaj Auto, Hero MotoCorp and Maruti Suzuki India). The Nifty Auto index ended with gains of 1.4%.
Other gainers included the Nifty Bank which ended 0.5% higher and the Nifty I.T. index which ended with gains of 0.6%.
Media stocks were the top laggards in today's session, led by the declines in Zee Entertainment. The Nifty Media index ended 2.5% lower.
Nifty Realty (down 1.8%), Nifty Metal (down 1.5%) and Nifty PSU Bank (down 1.1%) were the other underperformers in today's session.
While benchmark indices gained, it was a subdued day for the broader markets. The midcap index ended 0.5% lower while the smallcap index declined 0.3%.
India Volatility Index ended 2.2% higher, above the mark of 20 at 20.1.
728 stocks on the NSE ended with gains while 1,131 stocks ended with losses.