Banks, Autos Help Sensex, Nifty Return To Winning Ways
Closing Bell: Back In The Green
Indian equity markets resumed gains after snapping a five-day winning streak on Wednesday, ending the weekly options expiry session at the day's high.
The S&P BSE Sensex ended 0.7% higher at 38,140 while the NSE Nifty 50 index ended nearly 1% higher at 11,237, up 0.9%.
Gains on the Nifty 50 were led by Eicher Motors which ended the day with gains of 4.9%. Reliance Industries and ICICI Bank were the major contributors to the Nifty upside, ending with gains of 3.6% each.
Among sectoral indices, the Pharma stocks outperformed with the Nifty Pharma index ending higher by 1.44%.
Nifty Auto, Nifty PSU Bank and Nifty Realty were the other top sectoral gainers, ending with gains of 1.3%, 1.2% and 1.4% respectively.
All sectoral indices barring the Nifty I.T. index ended with gains. The I.T. index posted modest losses of 0.2%.
Broader markets were largely in line with benchmark indices. Both the Nifty Midcap and Nifty Smallcap index ended with gains of 1%.
India Volatility Index ended off the lowest point of the day, down 0.8% at 24.68.
Market breadth ended in favour of the gainers. 1,038 stocks on the NSE ended with gains while 776 declined.