Sensex, Nifty End Higher; Adani Ports Gains Most Since January 2009
A Volatile Trading Day
Indian equities fluctuated for most parts of the trading day, but managed to eke out modest gains as the session came to a close.
The S&P BSE Sensex ended 42 points higher at 49,201 while the NSE Nifty 50 index rose 0.3% to end at 14,683.
Gains on the Nifty were led by Adani Ports & Special Economic Zone Ltd., which ended 14.5% higher - its biggest single-day jump since January 2009. Other gainers on the Nifty were FMCG stocks like Tata Consumer Products Ltd. and Asian Paints Ltd.
Among sectoral indices, the Nifty Pharma index was the top sectoral gainer, ending with gains of 1.8%. All the constituents of the index ended higher. The Nifty Metal index continued its winning run, ending higher for the seventh straight day with gains of 1.4%. The index ended at the highest level since April 2011.
The Nifty FMCG index was the other sectoral gainer, ending 0.9% higher.
Among the laggards, the Nifty Bank index underperformed, shedding close to 200 points or 0.5% to end at 32,501. The Nifty Media index too fell 0.3% in today's session.
Broader markets outperformed the benchmark indices by a distance in today's session. The Nifty Midcap index rose 0.9% while the Smallcap index ended with gains of 1.3%.
The India Volatility Index fell 1.8% to end at 20.84.
1,157 stocks on the NSE ended with gains while 756 stocks posted losses.