Sensex, Nifty End Higher Led By Metals, Bharti Airtel
Closing Bell: A Close With Gains
Indian equity markets managed to partly recover Monday's losses, ending a volatile trading session with gains.
The S&P BSE Sensex ended 0.7% higher at 38,900 while the NSE Nifty 50 index ended 0.73% higher at 11,470. Benchmark indices fluctuated between gains and losses throughout the session.
Metal and Pharma were the outperforming sectors in today's session. The Metal index ended with gains of over 3% while the Pharma index gained over 2.3%.
FMCG and Media were the other sectoral gainers with both indices ending with gains of over 1% each.
Banks underperformed in today's session. While the Nifty Bank ended 0.2% higher, the PSU Bank index ended 0.2% lower.
I.T. was the top sectoral laggard in today's session. The Nifty I.T. index ended 0.6% lower.
Broader markets were mixed in today's session. While the midcap index gained in-line with benchmark indices, ending 0.8% higher, the smallcap index was muted, posting modest gains in today's session.
The India Volatility Index ended 5% lower after Monday's surge of over 20%. The index ended at 21.72.
Market breadth remained in favour of the laggards. 1,008 stocks on the NSE ended with losses while 804 stocks gained.