Sensex, Nifty End At A Four-Month High; Auto, Metals Outperform
Closing Bell: Fourth Day Of Gains
Indian equity markets ended higher for the fourth straight day, tracking positive global cues and despite no easing in fresh Covid-19 cases in the country.
The S&P BSE Sensex ended 1.3% higher at 36,487 while the NSE Nifty 50 index gained 1.47% to end at 10,763. Both benchmark indices ended at their highest level since March this year.
Among the sectoral indices, banking stocks moved in line with the benchmarks with the Nifty Bank index ending with gains of 1.6%.
The outperformers of the day were auto, metals and real estate stocks. The Nifty Auto index ended with gains of 3%, led by Mahindra & Mahindra which ended as the top performing stock on the Nifty 50 index, with gains of 7.4%. Tata Motors and Maruti also contributed to the gains, ending 5.4% and 3.4% higher respectively.
Other gainers were the Nifty Realty which gained 2.8% while the Nifty Metal index gained 2.4%.
Broader markets too moved in line with the benchmarks. The Nifty Midcap index ended with gains of 1.6% while the Smallcap index ended with gains of 1.77%.
The India Volatility index ended at a four-month low, down 2.2% to 25.19.
Market breadth ended in favour of the advances. 1,120 stocks on the NSE ended with gains while 719 posted losses.