Sensex, Nifty End Higher For Third Day Led By I.T., Pharma & Metals
Third Day Of Gains
Indian equities ended higher for the third straight day, even as benchmark indices traded in a narrow range through the trading session.
The S&P BSE Sensex ended 0.5% higher at 51,279 while the NSE Nifty 50 index ended 0.5% higher at 15,174. Indian markets will be shut tomorrow on account of a holiday. As a result, today's session acted as the expiry for the weekly options contracts.
Among the sectoral indices, I.T., Pharma and Metals outperformed in today's session. The Nifty Metal index was the top sectoral gainer, ending 1.9% higher while the Nifty I.T. index gained 1.7%. The index for drugmakers also ended the session with gains of 1.5%.
Among the other gainers, the Nifty Auto index ended with gains of 0.9%. Other sectoral indices like the Nifty Bank and the Nifty Media index ended little changed.
The PSU Bank index was the only sectoral laggard in today's session, ending 0.2% lower.
Broader markets outperformed in today's trading session. The Nifty Midcap index ended with gains of 0.8% while the Nifty Smallcap index ended 1.4% higher.
The India Volatility Index fell 7.7% but managed to end above the mark of 20 at 20.75.
1,096 stocks on the NSE ended with gains while 807 stocks posted losses in today's session.