Sensex, Nifty End Higher Led By Autos, Banks
Closing Bell: Fourth Day Of Gains
Indian equity markets ended higher for the fourth straight day, led by a rally in the final hour.
The S&P BSE Sensex ended 0.6% higher at 39,073 while the NSE Nifty 50 index ended 0.66% higher at 11,548.
Tomorrow will be the F&O expiry session of the August series.
Banks and Autos were the outperformers in today's session. The Nifty Auto ended 1.5% higher led by Tata Motors and two-wheeler stocks while the Nifty Bank ended 1.4% higher. The Nifty Bank is now up 1,400 points in the last four trading sessions.
The Media index was the top sectoral gainer, ending 2.5% higher. Nifty FMCG and Nifty Pharma ended flat but with a negative bias.
The midcap and smallcap indices ended higher for the eighth straight session - the longest winning streak since January this year. The midcap index gained 0.5% while the smallcap index ended 1% higher.
India Volatility Index ended 0.4% higher at 19.39.
Market breadth was in favour of the gainers. 1,076 stocks on the NSE ended with gains while 752 posted losses.