Sensex, Nifty End Higher For Sixth Day Led By Autos, Metals
Indian equity markets ended higher for the sixth straight session, not before registering another record high.
The S&P BSE Sensex ended 0.3% higher at 47,746 while the NSE Nifty 50 index, came within 3 points of scaling the 14,000 mark before a slight cool-off in the final minutes of trade. The index eventually ended 0.35% higher at 13,981.
The outperformers in today's session were auto and metal stocks. Both the indices ended with gains of 1.3% each.
The other outperformers today were cement stocks. UltraTech, Grasim and Shree Cement were the top three gainers on the Nifty, ending with gains of 4.4% and 3% each respectively.
The Nifty Bank had a very volatile session. The index traded in a 500 point range and ended little changed at 31,303. Most of the other sectoral indices reversed from their respective intraday lows. The PSU Bank index, down 1.1% at one point ended 0.2% lower, as did the Nifty Pharma index, which declined by a similar quantum.
Broader markets were mixed today. The midcap index gained 0.2% while the Smallcap index ended with gains of 0.7%.
The India Volatility Index ended 1.5% higher at 21.11.
1,002 stocks on the NSE ended with gains while 859 stocks declined.