Sensex, Nifty End 1% Higher; Metals Banking Stocks Shine
Closing Bell: Back To Winning Ways
Indian equity markets recovered Wednesday's losses, ending the weekly options expiry session with gains of over 1%.
The S&P BSE Sensex ended 1.1% higher at 36,737 while the NSE Nifty 50 index ended 1.2% higher at 10,832. Both benchmark indices have now gained in six out of the last seven trading sessions.
Among sectoral indices, banking and metal stocks outperformed in today's trade. The Nifty metal index ended 1.9% higher while the Nifty Bank and the PSU Bank index gained 1.4% and 1.2% respectively.
The FMCG index was the only sectoral laggard, ending 0.3% lower. The other sectoral indices ended flat but with a positive bias.
The broader markets had a mixed day. The midcap index ended 0.4% higher while the smallcap index ended 1.1% higher.
India Volatility Index ended at a four-month low, down 5.1% at 24.75.
Market breadth remained in favour of the advances. 1,010 stocks on the NSE ended with gains while 799 ended with losses.