Sensex, Nifty End With Gains Led By Private Banks
Closing Bell: A Strong Finish
Indian equity markets began the final full trading week of August on a strong note, ending near the highest point of the day.
The S&P BSE Sensex ended nearly 1% higher at 38,799 while the NSE Nifty 50 index ended 0.83% higher at 11,466. Both Sensex and Nifty have now gained in five out of the last six trading sessions.
Among the sectoral indices, the Nifty Bank ended as the outperformer in today's session, with gains of 2.4%. Gains were largely led by private banks like HDFC Bank, ICICI Bank and Kotak Mahindra Bank.
Most other sectoral indices remained flat or rangebound. The Nifty Realty was the top sectoral laggard, ending 1% lower while the Pharma and I.T. indices fell 0.4% and 0.3% respectively.
While the midcap index was in-line with the benchmarks, ending 0.9% higher, the smallcap index outperformed, ending with gains of 1.7%.
The India Volatility Index ended 4.1% lower at 19.12.
Market breadth was in favour of the gainers. 1,070 stocks on the NSE ended with gains while 809 stocks declined.