Sensex, Nifty End Higher Led By Recovery In Banking Stocks
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Closing Bell: Banks Aid Gains
Indian equity markets began the new trading week with gains led by a recovery in banking stocks that bounced off their lows in the final 30 minutes of trade.
The S&P BSE Sensex ended 0.6% higher at 38,099 while the NSE Nifty 50 ended above the mark of 11,250, up 0.72% at 11,259.
The recovery was led by the banking stocks. The Nifty Bank recovered 350 points from its day's low of 21,404 to end 0.3% higher at 21,754.
Among other sectoral indices - Auto, Media and Metal stocks outperformed in today's session. The three sectoral indices ended with gains of 2.5% each.
The Nifty FMCG and I.T. indices ended with gains of over 1% each.
Pharma and PSU banking stocks were the laggards in today's session. The Pharma index fell 0.3% while the PSU Bank index fell 0.5%.
Broader markets were in-tandem with the benchmarks. The Midcap index ended with gains of 0.5% while the smallcap index rose 0.9% at the close of trade.
India Volatility Index ended 2.5% lower at 21.14.
Market breadth ended in favour of the gainers. 1,153 stocks ended with gains while 684 reported losses.