Sensex, Nifty End Near Day’s High; Ultratech Gains 7% Post Q1
The Bombay Stock Exchange (BSE) building stands in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty End Near Day’s High; Ultratech Gains 7% Post Q1

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Closing Bell: A Strong Session

A recovery in banking stocks propelled the Indian equity markets to reverse Monday's losses and end near the highest point of the trading day.

The S&P BSE Sensex ended 1.47% higher at 38,492 while the NSE Nifty 50 index ended 1.5% higher at 11,300. 42 out of the 50 Nifty constituents ended with gains. UltraTech emerged as the top Nifty gainer, ending 7% higher post its first quarter results.

The Nifty Bank recovered a quarter of Monday's 800 point loss. The index ended with gains of 1.2% or 260 points.

Auto stocks were the top performers in today's session. The Nifty auto index ended with gains of 3.2%. Other gainers included the Nifty I.T. (up 2.3%) which gained for the third straight day, Nifty Metal which gained 2.2% and the Nifty Realty index which gained 1.6%.

Broader markets were mixed. The midcap index underperformed with gains of 0.9% while the smallcap index ended in-line with benchmark indices with gains of 1.4%.

Market breadth ended in favour of the gainers. 955 stocks on the NSE ended with gains while 872 declined.

Sectoral Indices At Close

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