Banks Contribute To Fifth Day Of Gains For Sensex, Nifty
Closing Bell: Fifth Day Of Gains
Indian equity markets managed to eke out gains in a volatile session of trade. Benchmarks fluctuated between gains and losses through the session, but ended higher for the fifth straight day.
The S&P BSE Sensex ended 0.5% higher at 36,674 while the NSE Nifty 50 index ended within touching distance of the 10,800 mark at 10,799, up 0.33%. Both the indices gained for the fifth straight session, their longest winning streak in a month.
Among sectoral indices, it was private banks and Bajaj Finance that contributed to gains on the Nifty. The Nifty Bank index ended 1.9% higher, while Bajaj Finance was the top gainer on the Nifty 50, ending with gains of 7.7%.
Nifty I.T. was the top performer in today's trading session, ending with gains of 2.1%. The Nifty Media index too ended with gains of 1%. The top underperformer in trade today was the metal index, ending 1.7% lower. Realty, Pharma and PSU Banks were the other sectoral laggards.
Broader markets outperformed in today's trade with the Smallcap index ending with gains of 1% while the midcap index managed gains of 0.4%.
Market breadth ended in favour of the laggards. 958 stocks on the NSE ended with gains while 879 stocks posted gains.