Sensex Posts Longest Weekly Gains Since 2010; Nifty Ends Above 14,000
Indian equities managed to eke out modest gains on the first trading session of 2021. No major reaction was seen in either of the indices, despite GST collections touching an all-time high.
The S&P BSE Sensex ended 0.25% higher at 47,868. The index reversed just 20-points away from the 48,000 mark. This is also the ninth straight week for the Sensex, a feat last achieved in April 2010.
The NSE Nifty 50 index too gained 0.26% to end above the mark of 14,000 at 14,018.
Among the sectoral indices, the PSU Bank index outperformed the other indices by a distance, ending with gains of 3.2%. Other major gainers included the Nifty I.T. and the Nifty Auto index, which gained 0.8% each while the Nifty Pharma, Media and FMCG indices ended 0.6% higher.
Broader markets outperformed the benchmarks in today's session. Both Nifty Midcap and Nifty Smallcap indices ended with gains of 1.2% each.
India Volatility Inex fell 7.3% to close below the mark of 20 at 19.56.
1,294 stocks on the NSE ended with gains while 576 posted losses in today's session.