Eighth Weekly Gain For Sensex; Nifty Misses By 10 Points
Indian equity markets ended higher for the third straight day, ending the truncated week on a positive note.
The S&P BSE Sensex ended 1.1% higher at 46,973. The index recovered all of Monday's loss to end higher on a weekly basis by 13 points. This is the eighth straight weekly gain for the index. The last instance of the Sensex gaining for eight straight weeks was between December 2017-January 2018.
The NSE Nifty 50 index also ended 1.1% higher at 13,749. However, it fell short of a weekly gain by 11 points resulting in its first weekly loss since October.
Among the sectoral indices, the Nifty Bank was the top performer, ending 1.7% higher and above the mark of 30,000. The other index that did well in today's session was the Nifty Pharma, which ended with gains of 1.2%.
The PSU Bank index ended with gains of 0.6% while the Auto index saw gains of 0.5%.
Broader markets were mixed in today's session. The Midcap index ended with gains of 0.2% while the Smallcap index rose 0.9%.
1,090 stocks on the NSE ended with gains while 795 stocks declined.