Sensex Does, Nifty Nearly Turns Positive For 2020
Closing Bell: Gains For Day 4
Indian equity markets ended higher for the fourth straight session, spurred by positive global sentiment, even as the verdict of the U.S. Presidential elections hangs in the balance.
The S&P BSE Sensex ended 1.8% - or 740 points higher at 41,355. The index turned positive for the year, surpassing the level of 41,253.
The NSE Nifty 50 index too ended 1.8% higher at 12,120. The 50 stock index is 48 points away from turning positive for 2020. The Sensex has gained 1,741 points while the Nifty has gained 478 points in the last four trading sessions.
48 out of the 50 Nifty constituents ended with gains. IndusInd Bank and Hindalco were the top gainers, ending with gains of over 6%. HDFC Life and Hero MotoCorp were the only laggards on the index, ending 0.2% and 0.6% lower respectively.
It was the day for Media and Metal stocks to shine in today's session. Both the respective sectoral indices ended with gains of over 4%.
The Nifty Bank index too ended higher for the fourth straight day, gaining over 2%. The index is up 2,417 points over the last four trading sessions. The PSU Bank index ended with gains of close to 3%.
The Nifty FMCG index ended 1.9% higher while the Nifty I.T. and Nifty Auto indices too posted gains of over 1% each.
The Realty index continues to underperform, ending 0.5% lower and down for the third straight day.
Broader Markets moved in tandem with the benchmark indices. Both Nifty Midcap and Nifty Smallcap index ended the day with gains of 1.7%.
India Volatility Index fell the most in over a month, ending 9.6% lower at 20.96.
1,347 stocks on the NSE ended with gains while 491 stocks posted losses.