Sensex, Nifty Gain For The Second Day Led By Banks, Auto Stocks
Closing Bell: Second Day Of Gains
Indian equity markets rose for the second straight day, in-line with positive global cues and extending their positive start to the October F&O series.
The S&P BSE Sensex ended 1.6% higher at 37,981 while the NSE Nifty 50 index ended 1.6% higher at 11,226. The Sensex has gained over 1,400 points over the last two sessions, while the Nifty has gained over 400 points.
All sectoral indices ended the day with gains. The Media index remained the top sectoral gainer throughout the session, ending 4.8% higher.
Indices like the Nifty Bank, Nifty Auto, Nifty Metal, Nifty PSU Bank and Nifty Realty saw gains in excess of 3%, with the Nifty Bank witnessing its biggest single-day jump in a month.
The Nifty Pharma index too reversed from the day's low to end 1.7% higher. Gains on the Nifty FMCG and Nifty I.T. were modest compared to their counterparts. Both the indices ended with gains of less than 1%.
Broader markets outperformed the benchmarks in today's session. The Midcap index ended with gains of 3% while the smallcap index ended 3.6% higher in the session today.
The India Volatility index fell below the mark of 20, ending 5.3% lower at 19.57.
Market breadth remained in favour of the gainers. 1,403 stocks on the NSE ended with gains while 453 posted losses.