Sensex, Nifty End Higher Led By Outperformance In Banks, Pharma
Closing Bell: A Session With Gains
Indian equity markets ended higher on Tuesday, tracking positive cues from Asia and led by an outperformance in Banking and Pharma stocks.
The S&P BSE Sensex ended 0.74% higher at 39,044 while the NSE Nifty 50 gained 0.7% at the close of trade to end at 11,521.
Banking stocks, which were responsible for the indices ending lower on Monday, outperformed the indices in today's session. The Nifty Bank ended with gains of 1.8% or 400 points.
Pharma stocks were the other outperformers in today's session. The index ended off the highest point of the day, but with gains of nearly 2%.
Most other sectoral indices ended flat in today's session. The realty index was the top laggard, ending with losses of 0.7%.
Broader markets outperformed the benchmarks for the second day running. The midcap index recovered from the day's low to end 1% higher while the smallcap index gained 1.5% as trading came to a close.
India Volatility Index fell 3.75% to 20.4.
Market breadth remained in favour of the gainers. 1,105 stocks on the NSE ended with gains while 713 stocks declined.