Sensex, Nifty Gain For Fourth Day Led By Bajaj Finance, L&T
Closing Bell: Another Strong Session
Indian equity markets continue to extend their rebound, ending higher for the fourth straight day.
The S&P BSE Sensex ended 1.49% higher at 34,843 while the NSE Nifty 50 index ended at 10,471, up 1.55%.
Both benchmark indices have now advanced in five out of the last six trading sessions. The Sensex has advanced 2,202 points while the Nifty has gained 658 points in the last six trading sessions.
Among the sectoral indices, the Nifty Bank ended with gains of 2.6%. The index has gained over 2,350 points in the last six trading sessions.
The Nifty PSU Banking index remained the top sectoral performer, ending with gains of 3.4%. Other than the Nifty Bank, other indices that gained over 2% were the Nifty Media and the Nifty Realty index.
Nifty I.T., FMCG and Metals index gained between 1.5-1.7% each.
Broader markets moved in tandem with the benchmarks with the midcap and smallcap index gaining 1.5% each.
The volatility index, though higher at the start of trade, ended 3.5% lower at 29.39.
Bajaj Finance was the top gainer on the Nifty 50 index, ending 9.2% higher. 46 out of the 50 Nifty constituents ended with gains.
The four laggards that declined on the index, included Reliance Industries, which ended 1.4% lower.
Market breadth remained in favour of the advances. 1,323 stocks on the NSE ended with gains while 504 declined.