Sensex, Nifty Eke Out Weekly Gains; Broader Markets Outperform
Closing Bell: Third Straight Weekly Gains
Indian equity markets managed to end higher and posted gains for the third straight week.
The S&P BSE Sensex ended 0.65% higher at 43,882 while the NSE Nifty 50 index ended 0.7% higher at 12,859. 33 out of the 50 index constituents ended with gains.
The top gainer on the Nifty today was Bajaj Finserv - which ended with gains of 9.2% - its biggest single-day advance in two years. The stock gained for the ninth day in a row and has advanced over 50% in the last 15 trading sessions.
Gains were kept in check by the decline in Reliance Industries, which ended as the top laggard on the Nifty, down 3.7%.
In terms of sectoral performers, the Nifty I.T. index was the top gainer, ending with gains of 1.4%. The Nifty FMCG and the Nifty PSU Bank index ended with gains of 1% each.
The Nifty Media index was the top laggard in today's session, ending 0.9% lower. The Nifty Pharma was the other sectoral laggard, ending lower by 0.3%.
Broader markets outperformed for today's trading session. The Nifty Midcap index ended with gains of 0.8% while the Smallcap index ended 1.2% higher.
India Volatility Index ended little changed at 19.52.
1,089 stocks on the NSE ended with gains while 738 posted losses.