Sensex, Nifty’s Four-Day Gaining Streak Ends After Choppy Session
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KEY HIGHLIGHTS
Closing Bell: A Volatile Session
Indian equity markets ended their four-day winning streak after a choppy weekly expiry session. Benchmark indices continued to fluctuate between the day's high and day's low, ending off the lowest point of the day.
The S&P BSE Sensex ended 0.37% lower at 40,558 while the NSE Nifty 50 failed to hold the mark of 11,900, ending 0.35% lower at 11,896.
Most sectoral indices recovered from the day's low but ended with losses. The Nifty Pharma index was the top sectoral laggard, ending 0.9% lower, followed by the Nifty I.T. index, which fell 0.8%.
Among the gainers were the Nifty Media index (up 0.8%) and the Nifty Metal index (up 0.7%). The realty index managed to gain for the fifth straight day, ending with gains of 0.4%.
Broader markets outperformed the benchmarks for the second straight day. The Nifty Midcap index ended with gains of 0.6% while the Smallcap index ended 1% higher.
Gains in the broader markets resulted in the market breadth being in favour of the advances. 1,016 stocks on the NSE ended with gains while 812 stocks fell.