Sensex, Nifty Gain For Second Day Led By Auto, I.T. Stocks
Closing Bell: Another Strong Session
Indian equity markets ended the weekly options expiry session with gains, extending their winning run to the second day.
The S&P BSE Sensex ended 1.2% higher at 35,843, while the NSE Nifty 50 index ended at 10,551, up by 1.17%. As of closing today, the Sensex is up 1.9% while the Nifty is up 1.6% on a weekly basis.
Banks were the underperformers in today's session. The Nifty Bank index ended little changed, led mainly by losses in Axis Bank. The PSU Bank index too ended little changed, with a negative bias.
Auto stocks outperformed in today's session with the Nifty Auto index ending 2.9% higher. Gains were led by Mahindra and Mahindra (up 6.4%) and Hero MotoCorp (up 5.2%). Both the stocks were also the top two gainers on the Nifty 50 index.
The other sector that contributed to gains today was I.T. The Nifty I.T. index ended 2.65% higher led by Infosys, HCL Tech and TCS.
Broader markets moved in tandem with the benchmarks with the midcap and smallcap index ending with gains of 1% each.
The India Volatility Index ended 5.7% lower at 26.5 - its lowest level in four months.
Market breadth remained in favour of the advances throughout the session. 1,090 stocks on the NSE ended with gains while 720 ended with losses.