Sensex, Nifty Gain For Second Day; Nifty Bank Ends 700 Points Higher
Closing Bell: A Day Of Gains
Indian equity markets began the new trading week on a positive note, notching up their second straight day of gains, aided by positive sentiment in the global markets.
The S&P BSE Sensex ended 1.1% higher at 40,431 while the NSE Nifty 50 index ended 0.9% higher at 11,873.
Banking stocks were the top performers in today's session. The Nifty Bank ended 3.1% higher while the PSU Bank index was the top sectoral gainer, ending 4.2% higher.
The Nifty Metal and Nifty Realty index gained 1.6% each while the Nifty FMCG index gained 1.3%.
Among the laggards today were Pharma, Media and Auto Stocks. The Nifty Pharma and Nifty Media index fell 1.6% each while the Nifty Auto index was down 1.1%.
Broader markets had a volatile day but managed to close with gains. The Nifty Midcap index gained 0.8% while the Smallcap index was up 0.7%.
India Volatility Index ended off the day's high, up 0.8% at 21.82.
1,070 stocks on the NSE ended with gains while 740 stocks were declining.