Sensex, Nifty End Higher For The Second Day; Autos, I.T. Surge
Second Day Of Gains
Indian equities ended higher for the second straight day, after fluctuating between the day's high and the day's low.
The S&P BSE Sensex ended 0.9% higher at 50,296 while the NSE Nifty 50 index gained another 1% to end at 14,919. 43 out of the 50 index constituents ended the day with gains.
Auto and I.T. stocks were the top performers of the day. The Nifty Auto index ended 3.2% higher as the top sectoral gainer while the Nifty I.T. index also ended with gains of over 3%.
FMCG and Pharma indices were the other sectoral gainers in today's session. Both the indices ended with gains of 1.4% each.
Among the other indices, the Nifty Realty, Nifty Metal and Nifty Media index ended with gains of 0.8% each respectively.
Broader markets outperformed in today's session. The Nifty Midcap index ended 1.7% higher while the Smallcap index gained 1.2% by the close of trade.
The India Volatility Index fell another 7.9% after Monday's 9% drop to end at 23.61.
1,160 stocks on the NSE ended the day with gains while 724 stocks undeperformed to end lower.