Sensex, Nifty Post Longest Weekly Gains Since April 2019
India's benchmark indices posted their longest run of weekly gains since April 2019, ending higher for seven straight weeks. Today's session was rangebound, with both the benchmarks ending little changed.
The S&P BSE Sensex ended with gains of 70 points at 46,960, while the NSE Nifty 50 index ended with gains of 20 points at 13,760. The Sensex recovered 330 points while the Nifty recovered over 100 points from their respective day's low.
I.T. and Pharma stocks were the outperformers in today's trading session. The I.T. index ended 1.6% higher while the Pharma index gained 1.3%.
Other sectoral indices recovered from the day's low to end with modest losses. The Nifty Bank to recovered nearly 350 points from the day's low to end 0.4% lower.
The PSU Bank index fell 0.7% while the Realty index ended with losses of 0.6%.
Broader markets too were subdued in today's session. The Nifty Midcap index ended 0.2% lower as did the Nifty Smallcap index.
India Volatility Index fell 2.8% to end at 18.62.
1,188 stocks on the NSE ended with losses while 708 stocks bucked the trend to end higher.