Sensex Gains Nearly 2,300, Nifty Up Over 600 Points This Week
Closing Bell: A Day Of Positives
Indian equity markets continued their march towards record high levels, ending higher for the fifth straight day, thereby registering weekly gains.
The S&P BSE Sensex ended 1.3% higher at 41,893. The index is 380 points away from its all-time high of 42,273, which it made in January this year.
The NSE Nifty 50 turned positive for 2020 in today's trading session, ending 1.2% higher at 12,263. The index is 167 points away from its all-time high of 12,430.
For the week, the Sensex has gained 2,279 points, while the Nifty has surged 621 points.
Reliance Industries was the top gainer as well as the top point contributor to the gains on the Nifty 50, ending 3.6% higher. Maruti Suzuki India was the top Nifty laggard, ending 2.9% lower.
Among the sectoral indices, private banks continued their march for the week, with the Nifty Bank ending with gains of 1.8%. The index gained 2,895 points for the week.
The Nifty realty was the other major sectoral gainer, ending 1% higher. The Nifty I.T., Nifty Metal and Nifty PSU Bank index ended with gains of 0.5% each.
Broader markets underperformed in today's session but ended the day with gains. The Nifty Midcap index ended 0.7% higher while the Smallcap index gained 0.6%.
India Volatility Index ended 2.2% lower at 20.49.
1,107 stocks on the NSE ended with gains while 710 stocks declined.